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China Greenland Broad Greenstate Group Company Limited ( (HK:1253) ) has provided an announcement.
China Greenland Broad Greenstate Group Company Limited announced the acquisition of 100% equity interests in Shanghai Greenland Senmao Landscaping Engineering Co., Ltd. The valuation of the acquired company was determined using a market approach, with a fair value of RMB4,700,000. This acquisition is part of the company’s strategy to strengthen its position in the construction and engineering industry, particularly in landscaping and environmental services. The selection of comparable companies for valuation was based on criteria such as industry classification, revenue sources, and financial ratios, ensuring alignment with the target company’s operational and financial profile.
More about China Greenland Broad Greenstate Group Company Limited
China Greenland Broad Greenstate Group Company Limited operates in the construction and engineering industry, focusing on landscaping engineering, municipal greening maintenance, and landscape design and construction. The company is incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, with a market focus on China mainland and Hong Kong.
Average Trading Volume: 5,263,803
Technical Sentiment Signal: Sell
Current Market Cap: HK$120.8M
See more data about 1253 stock on TipRanks’ Stock Analysis page.