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TONTINE WINES (00389.HK) is currently assessing the unknown impact of the transfer and continues to be suspended from trading.
TONTINE WINES (00389.HK) announced that the entire equity of Jiaan Yalou Winery and TONTINE GREEN was transferred to Shuangfei Wines on December 30 and 26 of last year, respectively (the terms of the transfer are unknown). Before the transfer and unknown transfer, TONTINE Commerce and Jiaan Yalou Winery were wholly owned by Fubao Union. Jiaan Yalou Winery mainly engages in the manufacturing and sale of wine products and the processing of grape juice, while TONTINE GREEN owns vineyards and primarily focuses on grape cultivation. The current company is evaluating the impact of the unknown transfer on the group's operations and financial condition. The current Board of Directors is seeking legal advice to determine what legal actions should be taken regarding the unknown transfer.
China Tontine Wines Faces Unauthorized Equity Transfers
TONTINE WINES (00389): Unknown transfer that was unauthorized and has never received approval from the current Board of Directors. Trading remains suspended.
TONTINE WINES (00389) released a notice regarding (including) Tonghua TONTINE TRADING CO., LTD. (TONTINE TRADING) ...
CITIC SEC: It is expected that the raw material costs for Beer will remain relatively stable in 2025. Bullish on the performance of liquor companies stabilizing and growing.
It is expected that the overall cost of Beer will remain stable in 2025, with a slight increase in the profitability of brewing companies anticipated. Bullish about the continued stimulus from consumer policies and the recovery of Dining scenarios, the performance of brewing companies is expected to stabilize and grow in 2025.
China Tontine Wines Group Appoints CFO
TONTINE WINES (00389): Kang Huixin has been appointed as Chief Financial Officer.
TONTINE WINES (00389) announced that starting from February 11, 2025, Kang Huixin will be appointed as the company's Chief Executive Officer...