China Putian Food Holding Ltd. (HK:1699) has released an update.
China Putian Food Holding Ltd. has informed shareholders and potential investors that the appointment of Receivers for a significant portion of its shares could potentially trigger a mandatory general offer under the Takeovers Code, if those shares are sold to a party acquiring 30% or more of the company’s voting rights. The company’s shares continue to be suspended from trading since April 3, 2023, pending further developments and fulfillment of resumption guidance. Investors are cautioned to seek professional advice before dealing in the company’s securities.
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