"Resumption of Trading" KANGDA FOOD 54.69% equity transferred at 0.265 yuan per share, triggering full acquisition

AASTOCKS
2025.10.23 14:21

KANGDA FOOD (00834.HK) announced that the former major shareholder Mr. Wu Jiming sold all of his 54.69% stake to the former non-executive chairman Mr. Gao Sishi (the offeror), involving 247 million shares, with a total consideration of HKD 65.64 million, equivalent to a price of HKD 0.265 per share. Upon completion, Mr. Gao will hold 54.69% of the company's equity and is required to make a mandatory general offer at a cash price of HKD 0.265 per share, representing a premium of 16.23% over the last closing price before the suspension, involving a maximum of HKD 54.39 million.

After the completion, the offeror intends to maintain the listing status of the shares. The company's shares have applied to resume trading on Friday (24th)

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