(Yicai Global) Aug. 7 -- Wonders Information, a Shanghai-based smart city software developer, hit the daily 10 percent limit up and stopped trading under bourse rules as one of its major shareholders, China Life Insurance, raised its stake from 5 to 10 percent on the secondary market during the last seven months, Wonders Information announced yesterday.

Its share [SHE:300168] price had soared 9.96 percent to CNY9.38 (USD1.34) as of 10.50 a.m.

China Life Insurance now is the company's second-largest shareholder after Shanghai Wan Hao Investment, which holds a 18.24 percent share.

Editor: Ben Armour