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China Shenghai Group Limited ( (HK:1676) ) just unveiled an update.
China Shenghai Group Limited has announced a discloseable transaction involving the acquisition of Able Talent Asia Limited. This acquisition will result in Able Talent Asia becoming a wholly-owned subsidiary of China Shenghai Group, with its financial results consolidated into the group’s financial statements. The transaction, valued at RMB20,000,000, is expected to enhance the company’s market position by expanding its operational footprint in the PRC. The acquisition is subject to certain conditions, including requisite consents and due diligence satisfaction, which are expected to be fulfilled to complete the transaction.
More about China Shenghai Group Limited
Average Trading Volume: 3,307,825
Technical Sentiment Signal: Hold
Current Market Cap: HK$103.6M
See more data about 1676 stock on TipRanks’ Stock Analysis page.