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The latest update is out from Net-a-Go Technology Company Limited ( (HK:1483) ).
Net-a-Go Technology Company Limited announced the disposal of a subsidiary, utilizing an asset-based approach for valuation. This approach was deemed appropriate as the Disposal Group consists mainly of investment holding companies and property leasing business, with Beijing Huashu Property Development Company Limited being a significant part of the group. The valuation considered the fair value of Beijing Huashu’s main asset, an office property in Beijing, and applied a 15.7% discount for marketability, resulting in an unaudited net asset value of RMB70,322,463. This move reflects the company’s strategic decision to optimize asset utilization and could impact its market positioning by streamlining assets.
More about Net-a-Go Technology Company Limited
Net-a-Go Technology Company Limited is a company incorporated in the Cayman Islands with limited liability. It is involved in investment holdings and property leasing, with a market presence in Hong Kong. The company focuses on managing its subsidiaries, including Qian Xun Technology Limited, Top Fortune Group Limited, and Shenzhen Yurun Xiangxin Information Development Company Limited, which primarily hold tangible assets.
YTD Price Performance: 10.0%
Average Trading Volume: 498,162
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$1.05B
For a thorough assessment of 1483 stock, go to TipRanks’ Stock Analysis page.