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Hevol Services Group Announces Equity Disposal with Expected Loss

Story Highlights
  • Hevol Services Group is disposing of 51% equity interest, expecting a RMB13.7 million loss.
  • The transaction involves independent third parties, with valuation based on property management comparables.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hevol Services Group Announces Equity Disposal with Expected Loss

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Hevol Services Group Co. Limited ( (HK:6093) ) has provided an update.

Hevol Services Group Co. Limited announced a supplemental disclosure regarding its disposal of a 51% equity interest in a target company, expecting an unaudited loss of approximately RMB13.7 million. The transaction involves Jingjiang Zhihui Network Technology Co. Ltd., owned by Ms. Wu, who is connected to the company through her spouse, Mr. Yu, a substantial shareholder. The valuation of the target company was based on comparables in the property management sector, ensuring they meet specific financial criteria, such as market capitalization and profit status.

More about Hevol Services Group Co. Limited

Hevol Services Group Co. Limited operates in the property management and related services industry, focusing on managing properties and offering associated services. The company is listed in Hong Kong and primarily generates its revenue from property management services.

Average Trading Volume: 30,666

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$761.6M

Learn more about 6093 stock on TipRanks’ Stock Analysis page.

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