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Affluent Partners Holdings ( (HK:1466) ) has issued an announcement.
Affluent Partners Holdings, through its subsidiary Baijin Life Science Holdings Limited, has announced the non-fulfillment of an accumulated profit guarantee related to the acquisition of Tonnett Julis Holdings Limited. The company has decided to pay the compensation amount in cash, which will be allocated towards setting up beauty salons, developing its jewelry business, and as general working capital. This strategic allocation aims to enhance brand awareness and capitalize on growth opportunities in the beauty and jewelry sectors, ensuring the company’s continued market presence and operational stability.
More about Affluent Partners Holdings
Average Trading Volume: 378,205
Technical Sentiment Signal: Buy
Current Market Cap: HK$517.5M
For detailed information about 1466 stock, go to TipRanks’ Stock Analysis page.