The Business Times
Monday, 20 November, 2017    LOG IN TO BTINVEST

BT INVEST

A Personal Finance and Investment Arm of The Business Times
MARKET TODAY:

Market Snapshot

Charts
STI 3,378.46 -3.92
Vol Val Rise Fall Unch
343.6M 231.4M 107 116 530
HSI 29,121.58 -77.46
KLCI 1,722.89 1.23
N225 22,256.36 -140.44
KOSPI 2,526.21 -7.78
DJI 21,408.52 -5.82
DJI data from Thomson Reuters

News

  • All
  • ShareInvestor Express
  • Business Times Breaking News

ChinaKangdaFood

Stock Chart
Last Done Change Volume Range
0.184 - (-) - - - -

Related News

China Kangda Food Company announces possible acquisition

14 Sep 2017 18:46

DUAL-listed China Kangda Food Company Limited's wholly-owned subsidiary has entered into a framework agreement to acquire a company engaged in the retail pharmaceutical business in Qingdao, China. In a Singapore Exchange filing, the poultry processing company said that the preliminary consideration for the possible acquisition is 30 million yuan (S$6.2 million)."The purchaser will only proceed with the possible acquisition if certain condition precedents under the framework agreement are fulfilled, including but not limited to the due diligence results of the target company being satisfactory to the purchaser. If the possible acquisition materialises, a legally binding formal agreement will be entered into and the target company will become a subsidiary of the company," China Kangda Food said.On the reasons for the proposed acquisition, the company said that it will allow the group to extend into the retail healthcare and/or pharmaceutical industry, "thereby (strengthening) the existing sales channels of the group, which is in line with the long-term strategy of the company".China Kangda Food's home exchange is the Stock Exchange of Hong Kong and it is listed on the mainboard of SGX.It last traded on Sept 4 and closed at S$0.29.

Please go to The Business Times to read the full story.

Source: Business Times Breaking News
Disclaimer:
All information is published "as is" without warranty of any kind and for information purposes only. Business Times and the third party information providers make no representations, disclaim all express, implied, and statutory warranties of any kind to any user and/or third party, and accept no liability. Advice from a securities professional is strongly advised.