PUTIAN FOOD (01699.HK) has submitted an application to the High Court for permission to seek judicial review against the decision of the Listing Review Committee.

On January 20, Gelonghui reported that PUTIAN FOOD (01699.HK) announced that on January 15, 2025: (a) the company has submitted an application to the High Court for judicial review permission against the decision of the Listing Review Committee, seeking to overturn the decision of the Listing Review Committee and any other remedies, relief, and orders that the High Court may provide ("Judicial Review Procedure"); and (b) the company has notified the Stock Exchange of the Judicial Review Procedure and the grounds for the judicial review. The company will make further announcements in a timely manner concerning any significant developments in the Judicial Review Procedure and the implementation of the decision of the Listing Review Committee according to the Listing Rules.

Gelonghui FinanceJan 20 03:40 ET

China Putian Food Seeks Judicial Review to Prevent Delisting

TipRanksJan 20 03:38 ET

Express News | China Putian Food - Expects Stock Exchange Will Refrain From Implementing Lrc Decision to Cancel Listing

ReutersJan 20 03:31 ET

National Bureau of Statistics: In early January, the price of live pigs was 16.1 yuan per kilogram, an increase of 2.5% month-on-month.

On January 14, the National Bureau of Statistics released the changes in market prices of important production materials in circulation in early January 2025.

Zhitong FinanceJan 13 20:46 ET

China Putian Food Issues Monthly Update on Share Receivership

TipRanksJan 8 04:39 ET

Express News | China Putian Food - Trading in Shares of Co on Stock Exchange Will Remain Suspended Until Further Notice

ReutersJan 7 06:25 ET

China Putian Food Holding Ltd. Announces Financial and Operational Developments

TipRanksJan 5 23:37 ET

PUTIAN FOOD (01699.HK): Received a copy of the custody instructions totaling 28 million Hong Kong dollars provided by Zhang Zhen and Liang Liquan to the relevant law firm.

On January 6, Gu Longhui reported that PUTIAN FOOD (01699.HK) issued a business update announcement. On January 3, 2025, the company received copies of an escrow instruction amounting to 28 million Hong Kong dollars from Zhang Zhen and Liang Li Quan to a relevant law firm. Accordingly, (1) the law firm has received escrow funds from Zhang Zhen and Liang Li Quan in amounts of 26 million Hong Kong dollars and 2 million Hong Kong dollars respectively (collectively referred to as "escrow funds"); and (2) Zhang Zhen and Liang Li Quan have each made irrevocable instructions to transfer.

Gelonghui FinanceJan 5 23:28 ET

Putian Food's Revenue Jumps 14% in 2024

MT NewswiresJan 2 05:04 ET

China Putian Food Reports Profit Growth Amid Strategic Shifts

TipRanksDec 31, 2024 10:07 ET

PUTIAN FOOD (01699.HK) had total revenue of 0.5 billion yuan in 2024, which represents an approximate year-on-year growth of 14%.

On December 31, Glonghui announced that PUTIAN FOOD (01699.HK) reported, based on the group's unaudited management accounts for 2024, that the total revenue for 2024 was approximately 0.5 billion RMB, an increase of about 14% compared to 0.439 billion RMB in 2023, and the earnings before interest, taxes, and amortization for 2024 (excluding the debts referred to in the statutory debt repayment demand issued by an indirectly affiliated company of Jianyin International Holdings Limited disclosed in the announcement dated May 25, 2023) amounted to 26.4 million RMB, compared to 20.47 million RMB recorded in 2023.

Gelonghui FinanceDec 31, 2024 10:03 ET

Pickling and curing have failed to reverse the decline: pig prices are not strong during the peak season. Will listed pig companies face a "test"?

Under the background of ample supply, the impact of processed meat on boosting pork prices is limited, as the average profit per pig in December has already shrunk by over a hundred yuan; industry insiders expect that next year's pork prices may be weaker than this year's, and related listed pig companies with lower costs are still guaranteed to make a profit, but companies with high costs may face certain risks of loss.

cls.cnDec 31, 2024 03:31 ET

Express News | China Putian Food - Considering to File Application to Obtain Leave From High Court to Apply for Judicial Review Against Lrc Decision

ReutersDec 24, 2024 06:29 ET

Express News | China Putian Food - Listing of Shares of Co on HK Stock Exchange Will Be Cancelled Wef 30 Dec

ReutersDec 24, 2024 06:29 ET

China Putian Food's Petition Withdrawn, Trading Still Suspended

TipRanksDec 12, 2024 05:40 ET

PUTIAN FOOD (01699.HK): Petition for liquidation withdrawn, trading continues to be suspended.

Gelonghui, December 12: PUTIAN FOOD (01699.HK) announced regarding Mr. Zhu Jianhao's petition for liquidation. On December 12, 2024, the company received an order from the High Court of Hong Kong dated November 19, 2024, ordering (among other things) the cancellation of the liquidation petition and the hearing scheduled for December 18, 2024. The company's shares have been suspended from trading on the Hong Kong Stock Exchange since 9:00 AM on April 3, 2023, and will continue to be suspended until further notice, pending compliance with the resumption guidelines and any supplement or revision requirements.

Gelonghui FinanceDec 12, 2024 05:13 ET

Pork company sales "sprint": More than 70% of the sales target completion rate exceeds 90%. December may continue to increase volume | Industry news.

① As of the end of November, over 70% of listed pork enterprises have exceeded 90% of their target for livestock output; ② Currently, smallholders and group pig farms are accelerating their output, leading to increased market supply of Pork, with limited strength in Animal Slaughter consumption, resulting in pork prices falling below 8 yuan; ③ The output of live pigs is expected to continue increasing in December.

cls.cnDec 11, 2024 02:39 ET

China Putian Food's H1 Loss Shrinks

MT NewswiresDec 4, 2024 00:45 ET

China Putian Food Reports Increased Losses Amid Rising Costs

TipRanksDec 3, 2024 09:38 ET

Putian food (01699.HK) is expected to have a mid-term revenue of about 0.205 billion yuan in 2023, a year-on-year decrease of about 14.4%.

On December 3, Gelonghui reported that Putian Food (01699.HK) announced its interim performance for the six months ended June 30, 2023, with revenue of approximately 0.205 billion yuan, a decrease of about 14.4% year-on-year. The net loss for the review period was approximately 27.107 million yuan, significantly narrowing by about 83.8% compared to the same period last year. The loss per share was 1.25 yuan. The decline in the group's revenue was mainly due to the drop in domestic pork prices and the decrease in the number of live pigs under severe industry conditions, while the significant decline in the group's gross profit was primarily due to the rise in fodder raw material prices.

Gelonghui FinanceDec 3, 2024 09:27 ET