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Shandong Fengxiang Co., Ltd. Class H ( (HK:9977) ) just unveiled an update.
Shandong Fengxiang Co., Ltd. has announced a proposed pre-conditional privatization through a merger by absorption, leading to the withdrawal of its H Shares listing. Despite meeting the Share Alternative Threshold, the Offeror has opted for a cash-only merger, impacting shareholders by not offering a share alternative. The company is working with authorities to fulfill pre-conditions and will provide further updates as necessary.
More about Shandong Fengxiang Co., Ltd. Class H
Shandong Fengxiang Co., Ltd. is a joint stock company incorporated in China, primarily involved in the food industry. The company focuses on producing and distributing poultry products, catering to both domestic and international markets.
Average Trading Volume: 378,789
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.98B
See more data about 9977 stock on TipRanks’ Stock Analysis page.