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Trendzon Holdings Completes Acquisition with Valuation Clarification

Story Highlights
  • Trendzon Holdings completed a transaction acquiring 100% equity interest in a target company.
  • The valuation method was clarified to be the asset approach, ensuring transparency.
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Trendzon Holdings Completes Acquisition with Valuation Clarification

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Trendzon Holdings Group Limited ( (HK:1865) ) has shared an update.

Trendzon Holdings Group Limited, incorporated in the Cayman Islands, has announced the completion of a discloseable transaction involving the acquisition of 100% equity interest in a target company. The company provided clarification on a clerical error regarding the valuation method used for the acquisition, stating that the asset approach, rather than the market approach, was used to appraise the value. This acquisition is expected to impact Trendzon Holdings’ operations by potentially enhancing its market position, as the valuation was independently confirmed by Peak Vision Appraisals Limited, ensuring transparency and reliability in the transaction.

More about Trendzon Holdings Group Limited

YTD Price Performance: 2.00%

Average Trading Volume: 8,710,673

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$180.6M

See more data about 1865 stock on TipRanks’ Stock Analysis page.

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