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China ITS Holdings Co., Ltd. ( (HK:1900) ) has provided an update.
China ITS (Holdings) Co., Ltd. announced amendments to a Share Transfer Agreement related to its acquisition of a 55% stake in a target company, which failed to meet a profit guarantee due to delays in project bidding processes. Despite the revenue shortfall, the target company maintained a higher-than-expected gross margin, indicating sustainable profitability, and the agreement’s amendment extends the timeline for potential equity interest resale.
More about China ITS Holdings Co., Ltd.
China ITS (Holdings) Co., Ltd. operates in the energy conservation solutions industry, primarily providing services through government bidding processes.
YTD Price Performance: -7.89%
Average Trading Volume: 273,528
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$295.9M
For an in-depth examination of 1900 stock, go to TipRanks’ Stock Analysis page.