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China Kangda's controlling shareholder to sell stake
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Nisha Ramchandani
Published Tue, Jul 2, 2019 · 09:50 PM
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Singapore
THE biggest shareholder of China Kangda Food Company has agreed to sell a 69.46 per cent stake in the company to Zenith Hope, which could trigger a general offer for the rest of the company's shares.
Shareholder China Tian Yuan Manganese is selling 300.74 million shares to Zenith Hope for some HK$240.59 million (S$41.72 million), or HK$0.8 per share.
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