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The latest update is out from China Putian Food Holding Ltd. ( (HK:1699) ).
China Putian Food Holding Limited has announced a monthly update regarding the appointment of Receivers for 816,000,000 of its ordinary shares, representing approximately 36.28% of its total issued shares. The potential sale of these shares by the Receivers could trigger a mandatory general offer under the Takeovers Code if a purchaser acquires 30% or more of the company’s voting rights. Trading of 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 involved in the production and distribution of food products, with a significant market focus in China.
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$89.96M
See more insights into 1699 stock on TipRanks’ Stock Analysis page.