SiS International Holdings (HK:0529) has released an update.
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SiS International Holdings Limited has announced the acquisition of an equity interest in a target entity for SGD4,165,000, which is approximately HK$24,990,000. The deal’s valuation was based on a price-to-earning ratio of 4.7, deemed fair and reasonable by the company’s board after considering historical financial performance and comparable market transactions. The acquisition is considered in the best interests of the company and its shareholders.
For further insights into HK:0529 stock, check out TipRanks’ Stock Analysis page.