China Kangda Food to Become Takeover Target After Change in Ownership; Shares Soar 189%

MT Newswires Live

Oct 24, 2025

China Kangda Food Company (HKG:0834) said it became the subject of a possible takeover after a change in ownership of the company's shares, according to a Hong Kong bourse filing Thursday.

Shares of the food company soared nearly 172% after trading resumed at market open Friday.

Zenith Hope, the company's majority shareholder, agreed to sell 247.7 million shares representing 54.69% of the company to an entity tied to former chairman Gao Sishi. The shares are being sold at HK$0.265 apiece or HK$65.6 million in aggregate.

Following completion, Gao intends to acquire the rest of the business for HK$0.265 per share in cash, or HK$120 million in total.

The company said it had formed an independent board committee to advise shareholders on the matter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2577355247"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2577355247\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2577355247?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-24 10:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2577355247","market":"nz","top_or_hot":-1,"title":"China Kangda Food to Become Takeover Target After Change in Ownership; Shares Soar 189%","media":"MT Newswires Live","content":"<html><body><p> China <a href=\"https://laohu8.com/S/00834\">Kangda Food</a> Company (HKG:0834) said it became the subject of a possible takeover after a change in ownership of the company's shares, according to a Hong Kong bourse filing Thursday.</p><p>Shares of the food company soared nearly 172% after trading resumed at market open Friday.</p><p>Zenith Hope, the company's majority shareholder, agreed to sell 247.7 million shares representing 54.69% of the company to an entity tied to former chairman Gao Sishi. The shares are being sold at HK$0.265 apiece or HK$65.6 million in aggregate.</p><p>Following completion, Gao intends to acquire the rest of the business for HK$0.265 per share in cash, or HK$120 million in total.</p><p>The company said it had formed an independent board committee to advise shareholders on the matter.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Kangda Food to Become Takeover Target After Change in Ownership; Shares Soar 189%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Kangda Food to Become Takeover Target After Change in Ownership; Shares Soar 189%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-24 10:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> China <a href=\"https://laohu8.com/S/00834\">Kangda Food</a> Company (HKG:0834) said it became the subject of a possible takeover after a change in ownership of the company's shares, according to a Hong Kong bourse filing Thursday.</p><p>Shares of the food company soared nearly 172% after trading resumed at market open Friday.</p><p>Zenith Hope, the company's majority shareholder, agreed to sell 247.7 million shares representing 54.69% of the company to an entity tied to former chairman Gao Sishi. The shares are being sold at HK$0.265 apiece or HK$65.6 million in aggregate.</p><p>Following completion, Gao intends to acquire the rest of the business for HK$0.265 per share in cash, or HK$120 million in total.</p><p>The company said it had formed an independent board committee to advise shareholders on the matter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00834","symbol_name":"康大食品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2577355247","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577355247","pubTimestamp":1761272835,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Kangda Food Company (HKG:0834) said it became the subject of a possible takeover after a change in ownership of the company's shares, according to a Hong Kong bourse filing Thursday.Shares of th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00834":"康大食品","BK1237":"包装食品与肉类"},"translate_title":"中国康大食品易主后将成为收购目标；股价飙升189%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00834":0.9},"content_text":"China Kangda Food Company (HKG:0834) said it became the subject of a possible takeover after a change in ownership of the company's shares, according to a Hong Kong bourse filing Thursday.Shares of the food company soared nearly 172% after trading resumed at market open Friday.Zenith Hope, the company's majority shareholder, agreed to sell 247.7 million shares representing 54.69% of the company to an entity tied to former chairman Gao Sishi. The shares are being sold at HK$0.265 apiece or HK$65.6 million in aggregate.Following completion, Gao intends to acquire the rest of the business for HK$0.265 per share in cash, or HK$120 million in total.The company said it had formed an independent board committee to advise shareholders on the matter.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}