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The latest announcement is out from China Putian Food Holding Ltd. ( (HK:1699) ).
China Putian Food Holding Limited has announced a monthly update concerning the appointment of Receivers for 816,000,000 ordinary shares, which constitute approximately 36.28% of its 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 company’s voting rights. Trading of the company’s shares remains suspended since April 2023, pending the fulfillment of resumption guidance.
More about China Putian Food Holding Ltd.
China Putian Food Holding Limited operates in the food industry, primarily focusing on the production and distribution of food products. The company is incorporated in the Cayman Islands and is publicly traded on the Hong Kong Stock Exchange.
Technical Sentiment Signal: Sell
Current Market Cap: HK$89.96M
Learn more about 1699 stock on TipRanks’ Stock Analysis page.