Nissin Foods Co., Ltd. (HK:1475) has released an update.
Nissin Foods Co., Ltd. has provided supplementary information on its recent acquisition of Gaemi Food, detailing the valuation approach used to determine the purchase price of KRW48,000 million. The company settled on a Market-Based Approach for the valuation, as it was deemed most appropriate considering Gaemi Food’s industry and operations. This method was chosen over the Asset-Based and Income-Based Approaches, as it more accurately reflects the market value and earning potential by comparing with similar businesses.
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