Onewo Inc. Reports Asset Value Surge in Shanghai Xiangda Acquisition

Onewo, Inc. Class H ( (HK:2602) ) has issued an update.

Onewo Inc. announced a supplemental update on its connected transaction involving the acquisition of a 45% equity interest in Shanghai Xiangda. The valuation report highlights a significant appreciation in the value of Shanghai Xiangda’s assets, notably its primary holding, the Shanghai Binjiang Vanke Center, due to the use of the summation method under the cost approach and the income approach for future income projections. The appraised value of these assets exceeds the previous book value, indicating a robust increase in Shanghai Xiangda’s total asset value and, consequently, an appreciation in shareholder equity.

More about Onewo, Inc. Class H

Onewo Inc. is a joint stock company incorporated in the People’s Republic of China, primarily engaged in real estate development and operation as well as property management business through its subsidiary Shanghai Xiangda. The company’s principal asset, Shanghai Binjiang Vanke Center, is a commercial complex that significantly contributes to the shareholder’s equity value.

YTD Price Performance: -2.30%

Average Trading Volume: 1,997,853

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$23.41B

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