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Greentown Service Group Co. Ltd. ( (HK:2869) ) just unveiled an update.
Greentown Service Group Co. Ltd. has issued a supplemental announcement regarding its transactions involving the disposal of equity interest in MAG and the acquisition of a 25% equity interest in Hangzhou Jiancheng Assets Management Company Limited. The company detailed the valuation methods and comparable transactions used to determine the consideration for the MAG disposal, citing a range of equity value to EBITDA multiples and factors like market differences in the early education industry. Additionally, the announcement provides information on the valuation of Hangzhou Jiancheng’s equity interest in Zhejiang Kangyu, emphasizing compliance with the Deed of Non-Competition and completion of investment in the project. These strategic decisions are aimed at improving the company’s financial positioning and operational efficiency.
More about Greentown Service Group Co. Ltd.
Greentown Service Group Co. Ltd. is a company incorporated in the Cayman Islands, operating in the service industry. It focuses on property management services, with a market emphasis on enhancing community life and providing high-quality management services.
YTD Price Performance: -2.35%
Average Trading Volume: 3,107,662
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$11.83B
For detailed information about 2869 stock, go to TipRanks’ Stock Analysis page.