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China Putian Food Holding Ltd. ( (HK:1699) ) has issued an update.
China Putian Food Holding Limited has announced a monthly update regarding the appointment of Receivers for 816 million ordinary shares, representing 36.28% of the company’s total issued shares. This development may lead to a mandatory general offer if the Receivers sell the shares to a third party acquiring 30% or more of the company’s voting rights. Trading in the company’s shares remains suspended since April 2023, pending further notice, and stakeholders are advised to exercise caution.
More about China Putian Food Holding Ltd.
China Putian Food Holding Limited operates in the food industry and is incorporated in the Cayman Islands. The company is primarily involved in food production and is listed on the Hong Kong Stock Exchange.
Technical Sentiment Signal: Sell
Current Market Cap: HK$89.96M
For a thorough assessment of 1699 stock, go to TipRanks’ Stock Analysis page.