tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Fusen Pharmaceutical Announces Disposal of Equity Interests

Story Highlights
  • Fusen Pharmaceutical disclosed the disposal of its equity interests in Henan Fusen Intelligent Energy.
  • The transaction’s consideration was based on a valuation using the asset approach due to the company’s short history.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fusen Pharmaceutical Announces Disposal of Equity Interests

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Fusen Pharmaceutical Co., Ltd. ( (HK:1652) ) just unveiled an update.

Fusen Pharmaceutical Co., Ltd. announced a supplemental disclosure regarding the disposal of its entire equity interests in Henan Fusen Intelligent Energy Conservation Technology Co., Ltd. The consideration for this transaction was determined through negotiations based on the appraised net asset value of approximately RMB73.4 million. The valuation, conducted by an independent valuer, utilized the asset approach due to the target company’s short operational history, making other valuation methods less reliable.

The most recent analyst rating on (HK:1652) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Fusen Pharmaceutical Co., Ltd. stock, see the HK:1652 Stock Forecast page.

More about Fusen Pharmaceutical Co., Ltd.

Average Trading Volume: 2,139,463

Technical Sentiment Signal: Hold

Current Market Cap: HK$492.6M

See more data about 1652 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1