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The latest announcement is out from Greatview Aseptic Packaging Company ( (HK:0468) ).
Greatview Aseptic Packaging Company Limited announced a suspension of trading of its shares due to a significant drop in public float, following a takeover by Jingfeng Holding Limited. The Offeror now holds approximately 97.76% of the company’s issued shares, leaving only 2.24% in public hands, far below the required 15% public float threshold. To address this, the company is working with the Offeror to restore the public float to the necessary 25%, including plans to appoint new directors and potentially issue new shares. This situation impacts the company’s compliance with stock exchange regulations and investor accessibility, and trading will remain suspended until the issue is resolved.
More about Greatview Aseptic Packaging Company
Greatview Aseptic Packaging Company Limited operates in the packaging industry, specializing in the production of aseptic packaging materials. The company is known for providing packaging solutions primarily to the food and beverage industry, focusing on maintaining product freshness and safety.
YTD Price Performance: -3.43%
Average Trading Volume: 26,955
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $455.7M
For a thorough assessment of 0468 stock, go to TipRanks’ Stock Analysis page.