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Nanofilm Technologies International Ltd. ( (SG:MZH) ) just unveiled an announcement.
Nanofilm Technologies International Ltd. addressed shareholder inquiries ahead of its Extraordinary General Meeting, revealing that the proposed acquisition of a target company is at a significant discount compared to a previous deal valuation in 2021. The company clarified that the goodwill on the target’s balance sheet, amounting to approximately $50 million, is attributed to expected business synergies, anticipated revenue growth, and the value of the assembled workforce, which are expected to enhance future market development.
The most recent analyst rating on (SG:MZH) stock is a Hold with a S$0.71 price target. To see the full list of analyst forecasts on Nanofilm Technologies International Ltd. stock, see the SG:MZH Stock Forecast page.
More about Nanofilm Technologies International Ltd.
Nanofilm Technologies International Ltd. is a Singapore-based company operating in the advanced materials industry. It specializes in providing nanotechnology solutions, focusing on the development and production of advanced coatings and materials for various applications.
Average Trading Volume: 2,755,110
Technical Sentiment Signal: Sell
Current Market Cap: S$466M
For detailed information about MZH stock, go to TipRanks’ Stock Analysis page.