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Meihao Medical Group Co., Ltd. ( (HK:1947) ) has issued an announcement.
Meihao Medical Group Co., Ltd, incorporated in the Cayman Islands, has announced a supplemental disclosure regarding its subscription of shares in Deepcare Medical Holdings Limited. The transaction involves the subscription of 2,863,492 Class B ordinary shares, with the valuation of the Thailand Subsidiary at US$104.0 million, conducted by an independent PRC valuer. The valuation, based on an income-based approach, is considered a profit forecast under the Listing Rules. The assumptions for the valuation include the transaction, open market, continued use, and going concern assumptions, ensuring the assets’ current use and management’s effective operation.
More about Meihao Medical Group Co., Ltd.
Average Trading Volume: 95,566
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$237.1M
For a thorough assessment of 1947 stock, go to TipRanks’ Stock Analysis page.