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Town Health International Medical Group Ltd. ( (HK:3886) ) has shared an announcement.
Town Health International Medical Group Ltd. has updated its shareholders regarding the profit guarantee related to its acquisition of Central Medical Holdings Limited. The Target Group’s audited net profit for the financial year ended 31 March 2024 was HK$28,255,287, which is below the performance target of HK$30,000,000. After excluding certain transactions totaling HK$13,860,000 that were not directly attributable to operational activities, the adjusted net profit stands at HK$14,395,287. This shortfall implies that the seller parties are obliged to compensate the buyer as per the agreed formula, impacting the financial expectations and obligations of the involved parties.
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 management. The company is involved in the acquisition and management of medical facilities and services, aiming to expand its market presence in the healthcare sector.
Average Trading Volume: 1,018,034
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.79B
Learn more about 3886 stock on TipRanks’ Stock Analysis page.