Beingmate (SHE:002570) said it "remains operationally independent and unaffected" by a potential change in company control, according to a Thursday filing with the Shenzhen bourse.
The statement comes as controlling shareholder Xiaobei Damei, which holds a 12.3% stake in the company, had its pre-reorganization application accepted by the Jinhua Intermediate People's Court.
Shares of the infant formula manufacturer rose 4% in recent trade.
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