Kangda Food has completed the issuance of a total of 20 million shares for public offering.

Kangda Food (00834) announced that all conditions stipulated in the placement agreement have been met and the placement has been completed on July 16, 2024 in accordance with the terms and conditions of the placement agreement. A total of 20 million shares of placement shares have been successfully placed to one subscriber (Subscriber) at a placement price of HKD 0.25 per share by the placement agent according to the terms and conditions of the placement agreement. The 20 million shares of placement shares represent approximately 4.62% of the Company's existing issued share capital (i.e. 0.433 billion shares) before the completion of the placement; and approximately 4.42% of the enlarged issued share capital of the Company after the issue and placement of the placement shares.

新浪港股Jul 16 19:32 ET

China Kangda Food Completes Share Placement

TipRanksJul 16 09:09 ET

Kangda Food (00834) has completed the issuance of a total of 20 million shares of allocated stocks.

Kangda Food (00834) announced that all the conditions in the placement agreement have been met and the placement has been completed on February 27, 2021.

Zhitong FinanceJul 16 09:08 ET

Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.

The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.

Zhitong FinanceJul 15 22:51 ET

China Kangda Food Co. Updates Share Placement Plan

TipRanksJul 11 09:38 ET

China Kangda Foods Enters Placing Agreement

China Kangda Foods (SGX:P74. HKG:0834) entered into a placing agreement for the placement of 85,589,600 shares at a price of HK$0.25 per share, according to a filing with the Singapore Exchange on Tuesday.

MT NewswiresJun 26 02:29 ET