tiprankstipranks
Towngas China Co’s Strategic Equity Transactions
Company Announcements

Towngas China Co’s Strategic Equity Transactions

Towngas China Co (HK:1083) has released an update.

Don't Miss Our Christmas Offers:

Towngas China Co is undergoing significant connected transactions involving the transfer and disposal of equity interests and assets in its extended business in the PRC, and the acquisition of equity interest in a holding company. The independent valuer, Jones Lang LaSalle, used the market approach, specifically the EV/EBITDA ratio, to determine the valuation of the targets, which are expected to impact the financial landscape of the company’s operations in China and Hong Kong.

For further insights into HK:1083 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskTowngas China Expands with Strategic Acquisition
TipRanks HongKong Auto-Generated NewsdeskTowngas China Co’s New Pipeline Agreement with HKCG
TipRanks HongKong Auto-Generated NewsdeskTowngas China Co’s Strategic Equity Disposal Move
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App