Haitian International Holdings Limited has provided a supplemental update regarding the disposal of its entire equity interest in Guohua Machinery. The company clarified that the valuation for the transaction was conducted using an asset-based approach, as this was deemed the most appropriate method by the independent valuer. The appraised value used for the consideration is significantly higher than the book value, and the valuation assumes the business will continue operating as a going concern. The update follows an earlier announcement made on 5 January 2025 and offers further details on the valuation methodology and underlying assumptions.
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