China Putian Food Holding Ltd. (HK:1699) has released an update.
China Putian Food Holding Ltd., facing challenges due to African swine fever and COVID-19, anticipates a significant drop in turnover and gross profit margin in 2024, despite maintaining sales in the Fujian market. The company is actively working on publishing its financial results and addressing audit modifications as required for the resumption of trading on the Hong Kong Stock Exchange. Discussions on a possible financing and debt restructuring plan are ongoing, with a formal proposal expected in the next three months.
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