YH Entertainment Group (HK:2306) has released an update.
YH Entertainment Group has announced the acquisition of assets and a new business cooperation framework agreement with Nice Future, which includes a forecasted valuation of approximately RMB31.5 million for the target assets. The valuation relies on a discounted cash flow method, taking into account the historical performance, growth potential, and synergies of the target business within the pan-entertainment industry. The deal is particularly significant due to the valuation’s consideration of technology iterations over a three-year period, aligning with the company’s strategic approach to asset development.
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