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Ernest Borel Holdings Ltd ( (HK:1856) ) has provided an update.
Ernest Borel Holdings Limited announced an update regarding the fulfillment of a profit guarantee related to its acquisition of Gold Vantage Group. The company faced a significant shortfall in the expected profit for the year ending December 2024, resulting in a required compensation of approximately HK$70.6 million from the vendor. The settlement of this compensation involved a reduction in share consideration and deductions from cash considerations, with all arrangements completed by March 2025.
More about Ernest Borel Holdings Ltd
YTD Price Performance: -28.89%
Average Trading Volume: 612,403
Technical Sentiment Signal: Buy
Current Market Cap: HK$461.1M
See more insights into 1856 stock on TipRanks’ Stock Analysis page.