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An update from Shandong Fengxiang Co., Ltd. Class H ( (HK:9977) ) is now available.
Shandong Fengxiang Co., Ltd. announced a proposed pre-conditional privatization through a merger by absorption with Jingyu Enterprise Development (Shandong) Co., Ltd. The merger agreement outlines that the company will be absorbed by the Offeror, leading to the withdrawal of its listing and eventual deregistration. This transaction involves a cancellation price for both H Shares and Domestic Shares, excluding certain parties. The merger will result in the Offeror assuming all assets and liabilities of Shandong Fengxiang, impacting its market presence and stakeholders.
More about Shandong Fengxiang Co., Ltd. Class H
Shandong Fengxiang Co., Ltd. is a joint stock company based in the People’s Republic of China, operating primarily in the poultry industry. The company focuses on the production and distribution of chicken products, catering to both domestic and international markets.
YTD Price Performance: 9.49%
Average Trading Volume: 90,421
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.38B
For an in-depth examination of 9977 stock, go to TipRanks’ Stock Analysis page.