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GDH Guangnan (Holdings) Limited ( (HK:1203) ) has issued an update.
GDH Guangnan (Holdings) Limited announced that the original shareholder of a target company failed to meet the profit guarantee as per their agreement. The target company reported a net loss, resulting in a shortfall against the guaranteed net profit, necessitating cash compensation to the subscriber. The board believes that the compensation is an effective price adjustment and plans to maintain its 51% equity interest in the target company while monitoring its performance.
More about GDH Guangnan (Holdings) Limited
YTD Price Performance: -2.86%
Average Trading Volume: 26,179
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €69.59M
See more insights into 1203 stock on TipRanks’ Stock Analysis page.
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