Forgame Holdings Ltd. (HK:0484) has released an update.
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Forgame Holdings Limited announced the completion of a significant transaction involving the acquisition of an equity interest in another company, with the valuation of the interest determined to be approximately RMB 22.80 million. An independent valuer, Flagship Appraisals and Consulting Limited, employed the market approach for the valuation, considering current industry trends and market conditions, and ruling out the cost and income approaches. The valuation was based on key assumptions regarding political, legal, and economic stability, as well as the comparison with similar publicly listed companies in the industry.
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