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Shandong Fengxiang Co., Ltd. Class H ( (HK:9977) ) has provided an update.
Shandong Fengxiang Co., Ltd. has announced a proposed pre-conditional privatization by Jingyu Enterprise Development (Shandong) Co., Ltd. through a merger by absorption, along with a proposed withdrawal of its H Shares listing. The pre-condition for a Potential Share Alternative Offer has been fulfilled, as the Offeror received sufficient letters of interest from shareholders, meeting the Share Alternative Threshold. However, the Offeror retains discretion on whether to proceed with the offer, with a decision expected within two months.
More about Shandong Fengxiang Co., Ltd. Class H
Shandong Fengxiang Co., Ltd. is a joint stock company incorporated in China, operating in the industry of poultry farming and processing. The company focuses on the production and sale of chicken products, catering to both domestic and international markets.
Average Trading Volume: 345,416
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.01B
Find detailed analytics on 9977 stock on TipRanks’ Stock Analysis page.