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An update from Qinqin Foodstuffs Group (Cayman) Company ( (HK:1583) ) is now available.
Qinqin Foodstuffs Group has entered into a supplemental agreement to resolve outstanding payments related to a 2019 transaction involving land use rights and property. The revised agreement, facilitated by local government discussions, sets a new consideration amount, reflecting the company’s strategic decision to maintain its investments in Xiantao City. The directors believe these amendments are fair and beneficial for the company’s stakeholders.
More about Qinqin Foodstuffs Group (Cayman) Company
Qinqin Foodstuffs Group (Cayman) Company is engaged in the manufacturing, distribution, and sale of various food products including jelly products, crackers and chips, seasoning products, confectionery, and other snacks in the People’s Republic of China.
Average Trading Volume: 2,100
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $105.8M
For detailed information about 1583 stock, go to TipRanks’ Stock Analysis page.
