China Kangda Food Co (SG:P74) has released an update.
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China Kangda Food Co. has engaged in significant leasing activity, securing four chicken farm leases from September 2022 to May 2023 that result in the company recognizing right-of-use assets per IFRS 16. Two of these leases, Shandong Taibaozhuang Street and Shandong Linjiacun Town, are classified as discloseable transactions, while the other two, Shandong Baichihe Town and Shandong Honghe Town, are considered major transactions under the Listing Rules, requiring shareholder approval and additional disclosures.
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