Glory Sun Financial Group Limited (HK:1282) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Glory Sun Financial Group Limited has announced a revised acquisition deal, reducing their purchase from 49% to 42.33% in a PRC subsidiary, resulting in a lowered consideration from RMB1,129.45 million to approximately RMB975.69 million. This adjustment follows a delay in a development project by the subsidiary, with the revised terms set after arm’s length negotiations. The revised consideration will be partly settled by offsetting debts owed by the GSLG Group.
For further insights into HK:1282 stock, check out TipRanks’ Stock Analysis page.