Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H (HK:0564) has released an update.
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Zhengzhou Coal Mining Machinery Group has provided additional details on its acquisition of shares in Hengda Intelligent Control, focusing on the valuation process. The company utilized the income approach, specifically the discounted cash flow method, to assess the equity capital value of Hengda. This move is part of Zhengzhou’s strategic efforts to enhance its asset portfolio and market position.
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