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The latest announcement is out from Century Sage Scientific Holdings Ltd ( (HK:1450) ).
Be Friends Holding Limited has announced a major transaction involving the disposal of its entire issued share capital in a subsidiary, referred to as the Target Group. The Target Group, which operates in the competitive television broadcasting industry in China, is experiencing business contraction due to budget reductions and project postponements by traditional customers. The valuation of the Target Group was conducted using the discounted cash flow method, as the market and asset-based approaches were deemed inappropriate. This transaction reflects the company’s strategic response to the challenging market conditions and its focus on optimizing its business portfolio.
More about Century Sage Scientific Holdings Ltd
YTD Price Performance: -24.07%
Average Trading Volume: 1,176,296
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.14B
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