YTO International Details Acquisition Valuation Method

YTO International Express and Supply Chain Technology Limited (HK:6123) has released an update.

YTO International Express and Supply Chain Technology Limited has provided additional details regarding their recent acquisition, explaining the valuation method for the acquired equity interest. The company chose the market approach over cost and income approaches, considering the asset-light nature of the target company and its comparability to other public companies in the cross-border express logistics and freight forwarding industry.

For further insights into HK:6123 stock, check out TipRanks’ Stock Analysis page.