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A-Living Smart City Services Co., Ltd. Class H ( (HK:3319) ) has issued an update.
A-Living Smart City Services Co., Ltd. announced the acquisition of 70% equity interest in Target A for RMB17.89 million and 100% equity interest in Target B for RMB42.71 million. These acquisitions were based on asset-based valuations, reflecting the company’s strategic focus on expanding its environmental services operations. The use of the asset-based approach was deemed suitable due to the lack of comparable market data and the uncertainty in future earnings projections, emphasizing the company’s commitment to enhancing its market position in the environmental services industry.
The most recent analyst rating on (HK:3319) stock is a Sell with a HK$2.20 price target. To see the full list of analyst forecasts on A-Living Smart City Services Co., Ltd. Class H stock, see the HK:3319 Stock Forecast page.
More about A-Living Smart City Services Co., Ltd. Class H
A-Living Smart City Services Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on smart city services. The company operates in the environmental services sector, providing advanced treatment, processing, and comprehensive utilization of waste oil and waste sludge, primarily in East China.
Average Trading Volume: 6,816,832
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$3.96B
See more data about 3319 stock on TipRanks’ Stock Analysis page.
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