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Town Health International Medical Group Ltd. ( (HK:3886) ) has provided an update.
Town Health International Medical Group Ltd. has updated its shareholders on the ongoing proceedings related to a profit guarantee concerning its acquisition of Central Medical Holdings Limited. The company identified HK$5,000,000 in transactions that should be excluded from the Target Group’s operational profit for the financial year ended 31 March 2023. Consequently, Town Health is claiming an additional HK$75,000,000 due to the non-satisfaction of the performance target, raising the total claim amount to HK$172,956,690. The proceedings are still ongoing, and the company will provide further updates as necessary.
The most recent analyst rating on (HK:3886) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Town Health International Medical Group Ltd. stock, see the HK:3886 Stock Forecast page.
More about Town Health International Medical Group Ltd.
Town Health International Medical Group Ltd. operates in the healthcare industry, focusing on providing medical services and healthcare solutions. The company is involved in the acquisition and management of healthcare facilities and services, aiming to enhance its market presence and service offerings.
Average Trading Volume: 1,006,760
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.69B
See more insights into 3886 stock on TipRanks’ Stock Analysis page.