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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
Tontine Wines (00389): Zhongwan International Financing appointed as an independent financial advisor.
Tontine Wines (00389) announced that an independent director committee composed of all non-executive directors (namely Li Yuhong, Zhu Minghui, Zheng Jiafu, Yang Qiang, and Zhang Shiqing) who have direct or indirect equity interests in the partial acquisition offer made by Gai Wu Yu has been formed according to Rules 2.1 and 2.8 of the Takeover Code to provide opinions and recommendations to eligible shareholders on whether the terms of the partial acquisition offer are fair and reasonable. With the approval of the independent director committee, Chinwan International Financing Co., Ltd. (engaged in Type 6 regulated activities in institutions financing according to the Securities and Futures Ordinance)
Positive Sentiment Still Eludes China Tontine Wines Group Limited (HKG:389) Following 33% Share Price Slump
China Tontine Wines Group Limited (HKG:389) shareholders won't be pleased to see that the share price has had a very rough month, dropping 33% and undoing the prior period's positive performance. T
Tontine Wines (00389.HK) appointed Li Wanshan as a joint company secretary.
On June 24th, Gralonhui announced that Ms. Li Wanshan has been appointed as the joint company secretary of Tontine Wines (00389.HK). The current company secretary, Ms. Chen Shuwen, will continue to serve and serve as another joint company secretary of the company. According to Rule 3.05 of the Listing Rules, Ms. Chen has resigned as the authorized representative of the company. After her resignation, Ms. Li has been appointed as the authorized representative, effective from June 24, 2024.
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