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The latest update is out from China Putian Food Holding Ltd. ( (HK:1699) ).
China Putian Food Holding Ltd. has announced a monthly update regarding the appointment of Receivers for a substantial portion of its shares. The company is currently navigating potential changes in control as the sale of these shares might trigger a mandatory general offer under the Takeovers Code. Trading in the company’s shares remains suspended since April 2023, with the situation continuing to develop as per the guidelines of the Takeovers Code.
More about China Putian Food Holding Ltd.
China Putian Food Holding Ltd. is a company incorporated in the Cayman Islands, operating within the food industry. It holds a significant number of issued shares, with a focus on food products.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$89.96M
Learn more about 1699 stock on TipRanks’ Stock Analysis page.