SUBSCRIBERS
China Kangda drops 22% as key holders sell out at discount
Published Tue, May 2, 2017 · 09:50 PM
Singapore
SHARES of food processor China Kangda Food Co fell 21.9 per cent on Tuesday after the company said that key directors and shareholders were selling their interests to a China-based mining company for a sharp discount.
The completion of the disposals, which would give China Tian Yuan Manganese a 69.2 per cent stake in China Kangda, will trigger a mandatory general offer for the rest of the company.
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