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Beauty Farm Medical & Health Industry, Inc. ( (HK:2373) ) has shared an announcement.
Beauty Farm Medical & Health Industry Inc. announced the acquisition of equity interests in subsidiaries operating under the Naturade brand, with a total consideration of RMB40.0 million. This acquisition will add 19 new direct stores to the company’s portfolio, enhancing its coverage in core cities of the Greater Bay Area and significantly boosting its revenue. The transaction is considered a connected transaction under the Hong Kong Stock Exchange’s Listing Rules but is exempt from certain requirements due to its fair and reasonable terms.
The most recent analyst rating on (HK:2373) stock is a Hold with a HK$31.00 price target. To see the full list of analyst forecasts on Beauty Farm Medical & Health Industry, Inc. stock, see the HK:2373 Stock Forecast page.
More about Beauty Farm Medical & Health Industry, Inc.
Beauty Farm Medical & Health Industry Inc. operates in the medical and health industry, focusing on medical aesthetics and lifestyle beauty services. The company is expanding its market presence by increasing its network of direct stores, particularly in the Greater Bay Area.
Average Trading Volume: 547,808
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.7B
Learn more about 2373 stock on TipRanks’ Stock Analysis page.