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Tontine Wines (00389.HK): Wang Junyao has been appointed as an executive director.
On June 14th, Glory Times reported that Tontine Wines (00389.HK) announced that (i) Wang Junyao has been appointed as an executive director as of June 14, 2024; and (ii) Zhang Shiqing and Zheng Jiafu have been appointed as independent non-executive directors respectively.
Express News | China Tontine Wines Group - Wang Junyao Appointed as Executive Director
China Tontine Wines Chairman Steps Down, Replacement Named
China Tontine Wines Group (HKG:0389) has appointed Wang Lijun as the chairlady of the board, effective from June 12, a Wednesday filing with the Hong Kong Exchange said. Lijun's appointment came after
Hong Kong stock market's unusual movement: Tontine Wines (00389) rose by more than 8% and acquired 10% of its shares at HKD 0.6 per share through a third-party offer.
According to the Zhiliao Finance and Economics APP, Tontine Wines (00389) rose more than 8%, up 8.33% to HKD 0.65 at the time of publication, with a turnover of HKD 1.9447 million. In terms of news, Tontine Wines announced that tenderer Wang He intends to acquire 30.16 million shares of tendered shares at HKD 0.6 per share, accounting for about 10% of the issued share capital. The tender price is the same as the previous day's closing price. According to the announcement, the tenderer is optimistic about the transformation of the target company and will extend the production and sales of wine to baijiu, as well as cooperate with Luzhou Laojiao's new wine industry. He hopes to introduce a
Wang He intends to make a tender offer to acquire approximately 10.00% of the shares of Tontine Wines (00389) and will become the third largest shareholder of the company.
Tontine Wines (00389) announced that on June 12, 2024, the offeror Mr. Wang He informed the offerees...
Express News | China Tontine Wines - Offer by Gaoyu Securities on Behalf Wang He to Acquire 30.1 Mln Shares of Co at HK$0.6 per Share
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