China Kangda’s Controlling Shareholder Sells Existing Shares

China Kangda Food Co ( (HK:0834) ) just unveiled an announcement.

China Kangda Food Company Limited announced a private placing of 77 million existing shares by its controlling shareholder, Mr. Wu Jiming, through Zenith Hope Limited. The shares were sold to seven independent third parties for a total of HK$10.78 million. Despite this disposal, Mr. Wu remains the controlling shareholder with a reduced holding of 54.69% of the total shares. The company does not anticipate any material impact on its business operations from this transaction.

More about China Kangda Food Co

China Kangda Food Company Limited is a company incorporated in Bermuda with limited liability, primarily listed on the Hong Kong Stock Exchange with a secondary listing on the Singapore Exchange. The company operates in the food industry.

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