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China Putian Food Update on Possible Ownership Shift
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China Putian Food Update on Possible Ownership Shift

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

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China Putian Food Holding Ltd., currently under a trading suspension, has announced the potential for a mandatory general offer if Receivers of the controlling shareholder’s charged shares, representing 36.28% of the company, sell to a third party acquiring 30% or more voting rights. The company will continue to provide monthly updates in compliance with the Takeovers Code until a firm decision on the offer is made or trading resumes.

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

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