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China Tontine Wines Faces Board Overhaul Push
China Tontine Wines Faces Shareholder Backlash
Tontine Wines (00389): Zheng Jiafu resigns as independent non-executive director.
Tontine Wines (00389) issued an announcement that on July 2, 2024, the company received a claim from an individual stating that they hold the company's previously issued shares.
Soochow Securities: How to view the baijiu consumption tax reform path and its impact?
Moving the collection of consumption tax to a later stage presents challenges in practical implementation. It is expected that tax reform will be gradual rather than immediate while maintaining a stable foundation, and the probability of a significant increase in tax rates is low. If the tax collection stage is moved, it is expected to further accelerate industry consolidation, and small and medium-sized liquor companies may struggle to cope with the potential profit impact caused by the moving of the tax collection stage.
Tontine Wines announced that they have been appointed as independent financial advisers for the Zhongwan International financing.
Tontine Wines (00389) announced that the independent director committee composed of all non-executive directors (Li Yuhong, Zhu Minghui, Zheng Jiafu, Yang Qiang, and Zhang Shiqing) with direct or indirect equity owned by Gaiwu has been established in accordance with the acquisition rules 2.1 and 2.8 to provide opinions and recommendations on whether the terms of the partial acquisition are fair and reasonable and to accept the partial acquisition offer to eligible shareholders. With the approval of the independent director committee, Zhongwan International Financing Co., Ltd. (a licensed entity that provides advice on institutional financing as a regulated activity under the Securities and Futures Ordinance) has obtained the company.
China Tontine Wines Evaluates Partial Offer
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