Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Putian Food Holding Ltd. ( (HK:1699) ) has issued an announcement.
China Putian Food Holding Ltd. announced significant developments including the completion of its CCB Debt Restructuring, which will eliminate a net liability of HK$680 million, and the recommencement of operations at the Shiti Hog Farm, expected to generate income in 2025. Additionally, the company has negotiated debt extensions and potential equity conversions with creditors, received waivers of director remuneration, and anticipates realizing government subsidies as revenue once infrastructure projects commence, collectively improving its financial position.
More about China Putian Food Holding Ltd.
China Putian Food Holding Ltd., incorporated in the Cayman Islands, operates in the food industry with a focus on hog farming and related activities.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$89.96M
Find detailed analytics on 1699 stock on TipRanks’ Stock Analysis page.