Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.
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Yankuang Energy Group Company Limited has announced the acquisition of a 45% equity stake in Wubo Technology via a capital increase, following a detailed valuation using the income approach. The chosen valuation method, favored over the cost approach and the market approach due to limited market data, reflects Wubo Technology’s future economic benefits and its strong position in the full-truckload field through technological empowerment.
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