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An announcement from Kasen International Holdings Ltd. ( (HK:0496) ) is now available.
Kasen International Holdings Ltd., a company incorporated in the Cayman Islands, has announced additional information regarding the disposal of certain properties. The properties, which include land, buildings, and equipment, were valued at RMB56,069,142 after negotiations between Haining Hengsen and Huafeng. The valuation was conducted using the cost approach due to the properties not being in active use, making other valuation methods unsuitable. The valuation assumptions included transaction and open market assumptions, with no significant adverse changes expected in the legal or economic environment. The valuation details were based on the gross floor area, reproduction costs, and depreciation rates.
More about Kasen International Holdings Ltd.
Average Trading Volume: 328,558
Technical Sentiment Signal: Buy
Current Market Cap: HK$734.6M
For a thorough assessment of 0496 stock, go to TipRanks’ Stock Analysis page.