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Smart Digital Technology Group Eyes Major Acquisition in Shanghai

Story Highlights
  • Smart Digital Technology Group plans to acquire a 51% stake in Shanghai Mission Information Technologies.
  • The acquisition terms will be finalized after due diligence and a valuation report, with a formal agreement expected in six months.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Smart Digital Technology Group Eyes Major Acquisition in Shanghai

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Starlight Culture Entertainment Group Limited ( (HK:1159) ) just unveiled an announcement.

Smart Digital Technology Group Limited has announced a non-legally binding letter of intent for a potential acquisition of at least 51% equity interest in Shanghai Mission Information Technologies Corp., Ltd. The acquisition terms will be based on a valuation report and due diligence, with a formal agreement expected within six months, impacting the company’s strategic positioning in the technology sector.

The most recent analyst rating on (HK:1159) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Starlight Culture Entertainment Group Limited stock, see the HK:1159 Stock Forecast page.

More about Starlight Culture Entertainment Group Limited

Average Trading Volume: 1,365,078

Technical Sentiment Signal: Hold

Current Market Cap: HK$570.3M

For a thorough assessment of 1159 stock, go to TipRanks’ Stock Analysis page.

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