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Fineland Real Estate Services Group ( (HK:9978) ) has issued an announcement.
Fineland Living Services Group Limited announced an adjustment to the fifth payment installment related to its acquisition of Guangdong Yikang Property Service Co., Ltd. due to Yikang’s net profit falling short of the guaranteed amount for 2023. The shortfall led to a deduction in the payment, and a settlement arrangement was reached to offset the remaining balance owed by the Vendor, which was ultimately waived to maintain a strong business relationship. This decision reflects the company’s strategic focus on maintaining beneficial partnerships and ensuring compliance with profit guarantee obligations.
More about Fineland Real Estate Services Group
Fineland Living Services Group Limited, formerly known as Fineland Real Estate Services Group Limited, operates in the real estate services industry. The company focuses on providing property management and related services, primarily in the Guangdong region.
YTD Price Performance: -1.67%
Average Trading Volume: 274,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$23.6M
See more insights into 9978 stock on TipRanks’ Stock Analysis page.