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The latest update is out from Shanxi Installation Group Co., Ltd. Class H ( (HK:2520) ).
Shanxi Installation Group Co., Ltd. has confirmed details of a connected transaction to acquire a 70% equity interest in Shanxi Construction Investment International Investment Co., Ltd. for RMB58.55 million, based on an independent valuation filed with the China Appraisal Society. The valuer adopted an asset-based valuation approach, citing the Target Company’s complete asset and financial data, the lack of sufficiently comparable market transactions for non-listed enterprises, and the Target Company’s recent revenue volatility and consecutive losses that make future earnings difficult to forecast; these factors underline a cautious pricing basis for the deal and highlight both the strategic intent to consolidate control over the investment platform and the underlying operational risks that stakeholders should monitor.
The most recent analyst rating on (HK:2520) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Shanxi Installation Group Co., Ltd. Class H stock, see the HK:2520 Stock Forecast page.
More about Shanxi Installation Group Co., Ltd. Class H
Shanxi Installation Group Co., Ltd. is a PRC-incorporated joint stock company whose shares are listed in Hong Kong, operating in the construction and engineering sector. Through its group entities and investment activities, it participates in construction-related projects and overseas or international investment platforms that support its broader infrastructure and installation businesses.
Average Trading Volume: 2,156,846
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.88B
See more data about 2520 stock on TipRanks’ Stock Analysis page.