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An update from Country Garden Services Holdings Co ( (HK:6098) ) is now available.
Country Garden Services Holdings Co. announced an impairment of goodwill and other intangible assets amounting to approximately RMB800 million to RMB1,100 million, affecting its non-wholly owned subsidiary, Country Garden Manguo Environmental Technology Group Co., Ltd. This impairment is attributed to business expansion delays and unsatisfactory cash flows at Manguo. Despite the impairment, which will decrease net profits, the Group’s operations remain stable, with adequate working capital and no expected impact on cash flow or liquidity.
More about Country Garden Services Holdings Co
Country Garden Services Holdings Co. is involved in the property management industry, focusing on providing comprehensive property-related services. The company is known for its operations in property management, community value-added services, and property investment services, primarily targeting residential communities.
YTD Price Performance: -2.92%
Average Trading Volume: 114
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.25B
See more data about 6098 stock on TipRanks’ Stock Analysis page.
