** Alibaba-backed hypermarkets operator Sun Art Retail Group
jumps 30.7% to HK$2.34, highest since August 2023
** Trade resumes on Wednesday after being on halt on Sept. 27 pending statements
** Stock third biggest pct gainer on Hang Seng Composite Index , which eases 0.4%
** Co's board gets approach letter expressing intent to make a pre-conditional voluntary conditional offer for its shares
** Alibaba Group's units are discussing the offer
** Co expects net profit of 150-200 mln yuan ($21-$28 mln) for six months ended in September vs year-ago net loss of 378 mln yuan
** More than 56 mln shares traded in stock's busiest day since Feb. 5
** Stock up 44.3% YTD
($1 = 7.1185 yuan)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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