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Hope Education Group Co., Ltd. ( (HK:1765) ) just unveiled an announcement.
XJ International Holdings Co., Ltd. has announced a supplemental disclosure regarding the disposal of its primary asset, an 80% equity interest in a vocational college in Guilin, Guangxi. The college faces compliance issues with land requirements and has significant financial obligations, including a bank loan and land payment. The company opted for the cost approach in valuing the asset due to its historical losses and lack of comparable market data. This decision aims to expedite the transaction, recover invested funds, and ensure the college’s continued operations, which the board deems fair and reasonable.
The most recent analyst rating on (HK:1765) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Hope Education Group Co., Ltd. stock, see the HK:1765 Stock Forecast page.
More about Hope Education Group Co., Ltd.
YTD Price Performance: 45.95%
Average Trading Volume: 13,995,178
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.02B
Learn more about 1765 stock on TipRanks’ Stock Analysis page.