China Putian Food’s Trading Suspension and Sale Update
Company Announcements

China Putian Food’s Trading Suspension and Sale Update

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

China Putian Food Holding Ltd. has announced a potential mandatory general offer that could be triggered if the appointed Receivers sell the Charged Shares, representing approximately 36.28% of the company, to a third party acquiring 30% or more of the voting rights. The trading of company shares remains suspended since April 3, 2023, as they await the fulfilment of resumption guidance. Shareholders and potential investors are advised to exercise caution and consult professional advisers.

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

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App