Foshan Haitian Cuts Registered Capital After ESOP Share Cancellation

Foshan Haitian Flavouring and Food Company Ltd. Class H ( (HK:3288) ) just unveiled an update.

Foshan Haitian Flavouring and Food Company Ltd. has approved a change in its registered capital following the decision to repurchase and cancel 779,900 A shares that had not yet vested under its 2024 employee stock ownership scheme. After the buyback and cancellation, the company’s total share capital will be reduced from 5,851,824,944 to 5,851,045,044 shares, with registered capital decreasing correspondingly.

To reflect the smaller share base, the board has proposed targeted amendments to the Articles of Association, updating the figures for registered capital and issued share capital, while leaving other provisions unchanged. The changes, which still require shareholder approval, slightly adjust the split between A and H shares and will be detailed further in a forthcoming circular and meeting notice.

The most recent analyst rating on (HK:3288) stock is a Buy with a HK$40.00 price target. To see the full list of analyst forecasts on Foshan Haitian Flavouring and Food Company Ltd. Class H stock, see the HK:3288 Stock Forecast page.

More about Foshan Haitian Flavouring and Food Company Ltd. Class H

Foshan Haitian Flavouring and Food Company Ltd. is a China-based food manufacturer best known for its condiments and flavouring products, with its shares listed as both A shares on the Shanghai Stock Exchange and H shares in Hong Kong. The company operates as a joint stock limited company in the PRC and has a large registered share capital spread across ordinary shares without preference stock.

Average Trading Volume: 2,481,862

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$232.6B

See more data about 3288 stock on TipRanks’ Stock Analysis page.