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China Merchants Land Limited ( (HK:0978) ) has issued an announcement.
China Merchants Land Limited has announced a supplemental update regarding its acquisition of 100% equity interests in a target company. The acquisition, valued at RMB45,712,100, was based on an asset valuation report prepared by an independent valuer. The valuation was conducted using the asset-based approach due to the availability of comprehensive asset and liability information, while other approaches were not deemed suitable. This acquisition reflects the company’s strategic move to consolidate its holdings, potentially impacting its market position and offering insights into its future operational strategies.
More about China Merchants Land Limited
Average Trading Volume: 1,669,834
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.47B
See more insights into 0978 stock on TipRanks’ Stock Analysis page.