Quhuo (QH) has released an update.
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Quhuo Limited, a Cayman Islands-based company, has entered into an equity acquisition agreement to purchase a 9.46% ownership stake in Quhuo International Trade (HK) Limited from LIDA GLOBAL LIMITED. The deal values the target company at a discounted equity value of $94 million, despite a valuation range of $90 to $102 million. The acquisition is set to consolidate Quhuo Limited’s position in the market, following the terms and conditions outlined in the agreement.
For further insights into QH stock, check out TipRanks’ Stock Analysis page.
