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China Putian Food Holding Ltd. ( (HK:1699) ) just unveiled an announcement.
China Putian Food Holding Limited has announced a monthly update regarding the appointment of Receivers for 816,000,000 ordinary shares, representing approximately 36.28% of the company’s total issued shares. The potential sale of these shares could trigger a mandatory general offer under the Takeovers Code if a purchaser acquires 30% or more of the voting rights. Trading in the company’s shares remains suspended since April 2023, pending the fulfillment of resumption guidance. Stakeholders are advised to exercise caution as there is no assurance of a change in control or a general offer.
More about China Putian Food Holding Ltd.
China Putian Food Holding Limited is a company incorporated in the Cayman Islands, operating in the food industry. The company is primarily focused on food production and distribution, with a significant market presence as indicated by its stock code 01699 on the Hong Kong Stock Exchange.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$89.96M
For an in-depth examination of 1699 stock, go to TipRanks’ Stock Analysis page.