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China Kangda Food's Controlling Shareholder Reduces Stake
KANGDA FOOD (00834.HK): The controlling Shareholder plans to sell a total of 77 million shares of the company.
On January 9, Gelonghui reported that KANGDA FOOD (00834.HK) announced that the company's Board of Directors was notified by the company's controlling Shareholder, Wu Jiming, that on January 9, 2025, Dingxi Limited ("Seller", a company wholly and beneficially owned by Mr. Wu) agreed to sell a total of 77 million shares of the company to a total of seven independent third parties who are unrelated to the company and its connected persons at an average price of HKD 0.14 per share, totaling HKD 10.78 million. Before the completion of the sale, the seller held 0.325 billion shares of the company, accounting for approximately 71.69% of the company's issued share capital. Tight
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