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Huitongda Network Co., Ltd. Class H ( (HK:9878) ) has provided an update.
Huitongda Network Co., Ltd. has announced a discloseable transaction involving the acquisition of a 57% equity interest in a target company. The acquisition’s consideration was based on the appraised value of the target company’s equity and involved strategic negotiations. The valuation used an income approach, constituting a profit forecast under the Listing Rules, and was verified by KPMG. This acquisition is expected to enhance Huitongda’s strategic positioning and long-term growth prospects.
The most recent analyst rating on (HK:9878) stock is a Hold with a HK$11.50 price target. To see the full list of analyst forecasts on Huitongda Network Co., Ltd. Class H stock, see the HK:9878 Stock Forecast page.
More about Huitongda Network Co., Ltd. Class H
Average Trading Volume: 798,372
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.87B
For an in-depth examination of 9878 stock, go to TipRanks’ Overview page.