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China General Education Group Limited ( (HK:2175) ) has shared an update.
China General Education Group Limited has announced a significant acquisition, entering into an Equity Purchase Agreement to acquire 100% equity interest in Guangzhou Tongmeng Art Education Consulting Co., Ltd. This acquisition, which will make the target company a wholly-owned subsidiary, is a strategic move to consolidate the financial results of the target company and its subsidiaries into the group’s financial statements. The transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, subject to certain conditions being met. The acquisition’s completion is contingent upon fulfilling these conditions, and stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:2175) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China General Education Group Limited stock, see the HK:2175 Stock Forecast page.
More about China General Education Group Limited
China General Education Group Limited is a company incorporated in the Cayman Islands, focusing on the education sector. It engages in providing educational services and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 283,344
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.73B
Find detailed analytics on 2175 stock on TipRanks’ Stock Analysis page.