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Persistence Resources Group Ltd Completes Major Acquisition

Story Highlights
  • Persistence Resources Group Ltd acquires a controlling 52% stake in a target company.
  • The acquisition allows financial consolidation, strengthening the company’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

An announcement from Persistence Resources Group Ltd ( (HK:2489) ) is now available.

Persistence Resources Group Ltd has announced the completion of its acquisition of a controlling 52% stake in a target company, making it a non-wholly-owned subsidiary. This acquisition will allow the financial results of the target company to be consolidated into Persistence Resources Group Ltd’s financial statements, potentially strengthening its market position and operational capabilities.

More about Persistence Resources Group Ltd

Average Trading Volume: 578,305

Technical Sentiment Consensus Rating: Strong Sell

Find detailed analytics on 2489 stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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