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China Putian Food Holding Ltd. ( (HK:1699) ) has shared an update.
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 total issued shares. This development could potentially lead to a mandatory general offer if the Receivers sell the shares to a third party acquiring 30% or more of the voting rights, according to the Takeovers Code. Trading in the company’s shares remains suspended, and shareholders are advised to exercise caution.
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: Sell
Current Market Cap: HK$89.96M
See more data about 1699 stock on TipRanks’ Stock Analysis page.