Lianlian DigiTech Co., Ltd. Class H (HK:2598) has released an update.
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Lianlian DigiTech Co., Ltd. is moving forward with the disposal of its equity interest in an associate, valuing the transaction at RMB7.5 billion. The company determined this consideration through a market approach, referencing the valuation of comparable companies like Visa and MasterCard. This strategic move is deemed fair and beneficial for both the company and its shareholders.
For further insights into HK:2598 stock, check out TipRanks’ Stock Analysis page.