China <a href="https://laohu8.com/S/01253">Greenland Broad</a> Greenstate Group provides update on acquisition of Shanghai Greenland Senmao Landscaping Engineering
China Greenland Broad Greenstate Group Company Limited has provided additional information regarding its acquisition of 100% equity interests in Shanghai Greenland Senmao Landscaping Engineering Co., Ltd. The company clarified that the valuation of the target was based on a market approach, using comparable company methodology. Criteria for selecting comparables included public company status, industry alignment with construction, engineering, or environmental services, a majority of revenue from those activities, operations in mainland China or Hong Kong, and at least three years of trading history. The board stated that the terms of the acquisition are fair, reasonable, and in the interest of the company and its shareholders. All other details from the previous announcement remain unchanged.
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