China Putian Food Faces Potential Takeover Scenario
Company Announcements

China Putian Food Faces Potential Takeover Scenario

China Putian Food Holding Ltd. (HK:1699) has released an update.

China Putian Food Holding Ltd. has announced that the appointment of Receivers for 36.28% of its shares could lead to a mandatory takeover offer if the shares are sold to parties acquiring 30% or more of the company’s voting rights. Trading of the company’s shares remains suspended since April 2023, and the company advises caution for investors dealing in its securities.

For further insights into HK:1699 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App