tiprankstipranks
China Resources Pharma Details Green Cross HK Acquisition
Company Announcements

China Resources Pharma Details Green Cross HK Acquisition

China Resources Pharmaceutical Group Ltd. (HK:3320) has released an update.

Don't Miss our Black Friday Offers:

China Resources Pharmaceutical Group Ltd has announced further details on its proposed acquisition of Green Cross HK, revealing that Green Cross HK’s long-term equity investments have an appraised value of RMB 1.44 billion as of the valuation date. The valuation takes into account different risk parameters between Hong Kong and mainland China and separately assesses the value of Green Cross HK’s two distinct business segments – blood products and import agency sales. The company confirms the valuation and profit forecast in the Appraisal Report were prepared with due diligence.

For further insights into HK:3320 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskChina Resources Pharma Restructures for Industry Growth
TipRanks HongKong Auto-Generated NewsdeskChina Resources Pharmaceutical Completes Green Cross HK Acquisition
TipRanks HongKong Auto-Generated NewsdeskChina Resources Subsidiary Reports Revenue Surge Amid Cash Challenges
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