Quhuo (QH) has released an update.
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Quhuo Limited, a Cayman Islands-based company, has entered into an equity acquisition agreement to purchase a 9.46% ownership stake in Quhuo International Trade (HK) Limited from LIDA GLOBAL LIMITED. The deal values the target company at a discounted equity value of $94 million, despite a valuation range of $90 to $102 million. The acquisition is set to consolidate Quhuo Limited’s position in the market, following the terms and conditions outlined in the agreement.
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