JNBY Design (HK:3306) has released an update.
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JNBY Design Limited has announced the acquisition of an entire equity interest in a target company for RMB1,672,000, following arm’s length negotiations. The valuation, conducted by AVISTA Valuation Advisory Limited, used a market approach with comparable companies in the clothing wholesale and retail sector. This strategic move could influence JNBY’s positioning in the designer brand sales market within China.
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