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The latest update is out from A-Living Smart City Services Co., Ltd. Class H ( (HK:3319) ).
A-Living Smart City Services Co., Ltd. announced the acquisition of 70% equity interest in Target A and 100% equity interest in Target B from Agile Holdings for RMB60.60 million. This strategic move aims to enhance synergy with the company’s city services segment, leveraging the environmental protection focus of the acquired entities. The acquisition is structured to repay receivables owed by Agile Holdings, minimizing bad debt risk while maintaining the company’s focus on property management services. The acquired businesses are expected to operate independently without materially impacting the group’s principal business or cash flow.
More about A-Living Smart City Services Co., Ltd. Class H
A-Living Smart City Services Co., Ltd. is a company incorporated in the People’s Republic of China, primarily engaged in property management services. The company focuses on developing its core businesses in an asset-light mode, emphasizing property management and city services.
YTD Price Performance: -14.38%
Average Trading Volume: 9,235
Technical Sentiment Signal: Buy
Current Market Cap: €404M
Learn more about 3319 stock on TipRanks’ Stock Analysis page.
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