Sky Light Holdings Limited (HK:3882) has released an update.
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Sky Light Holdings Limited has provided supplemental information regarding the valuation and disposal of its vending machines business, originally acquired in November 2022 for HK$194 million, based on a profit guarantee which has since been reassessed. The valuation revealed that the business, Wuhan Show Life, is currently valued at an implied enterprise value of RMB2,892,154, with an equity interest appraised at HK$0 after accounting for debt. This disposal is part of the company’s strategy to diversify its income sources and mitigate the impact of global economic challenges.
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