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The latest announcement is out from DOWELL SERVICE GROUP CO. LIMITED Class H ( (HK:2352) ).
Dowell Service Group Co. Limited announced that it did not meet the performance guarantee related to its acquisition of Hunan Jindian, leading to a shortfall in expected revenue and net profit. As a result, the company will exercise its rights under the acquisition agreement to claim compensation from Mr. Zhang, leading to the acquisition of an additional 20% equity interest in Hunan Jindian, which will allow Dowell Service Group to gain full control of the company. This move is seen as beneficial for shareholders and aligns with the company’s strategic interests.
More about DOWELL SERVICE GROUP CO. LIMITED Class H
Dowell Service Group Co. Limited is a joint stock company incorporated in the People’s Republic of China, operating within the service industry. The company, along with its subsidiaries, focuses on acquiring and managing equity interests, with a notable market focus on companies like Hunan Jindian.
Average Trading Volume: 400
Technical Sentiment Signal: Buy
Current Market Cap: HK$485M
See more data about 2352 stock on TipRanks’ Stock Analysis page.