Guoquan Food Controlling Shareholder Cuts Stake, Group Agrees to 180-Day Lock-Up
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Guoquan Food's controlling shareholder, Shanghai Guoxiaoquan Enterprise Management Center, is selling 124.5 million shares (4.74% of the company) at HK$3.80 per share, reducing its stake from 12.61% to 7.88%. The concert-party group will maintain 44.66% of voting rights and has committed to a 180-day lock-up on further disposals. The company expects no operational impact from the sale, which aims to enhance share liquidity. Analysts rate the stock as a Buy with a target price of HK$4.80.
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