China Putian Food Holding Ltd. (HK:1699) has released an update.
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China Putian Food Holding Ltd. is grappling with financial challenges due to ongoing impacts from African swine fever and COVID-19, leading to significant drops in turnover and profit margins. Despite these setbacks, the company maintains operations in the Fujian market and is actively negotiating a financing and debt restructuring plan with a potential new investor. The company has also received resumption guidance from the Hong Kong Stock Exchange to address outstanding financial disclosures and ensure compliance.
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