Shanxi Installation Group Updates Acquisition of 70% Stake in Shanxi Construction Investment International

Reuters

Jan 20

Shanxi Installation Group Updates Acquisition of 70% Stake in Shanxi Construction Investment International

Shanxi Installation Group Co., Ltd. has provided a further update regarding its acquisition of a 70% equity interest in Shanxi Construction Investment International Investment Co., Ltd. The purchase price for the stake is RMB58.55 million, based on a valuation report. The update confirms key financial details of the target company, including total assets of approximately RMB93.41 million and net assets of about RMB84.92 million. The company noted that, due to the underdeveloped equity trading market for non-listed companies in China and the lack of sufficiently comparable listed companies, the market approach was not applicable for the valuation of this transaction. All other previously announced information remains unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanxi Installation Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260120-11996098), on January 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The purchase price for the stake is RMB58.55 million, based on a valuation report. The update confirms key financial details of the target company, including total assets of approximately RMB93.41 million and net assets of about RMB84.92 million. The company noted that, due to the underdeveloped equity trading market for non-listed companies in China and the lack of sufficiently comparable listed companies, the market approach was not applicable for the valuation of this transaction. All other previously announced information remains unchanged.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20260120-11996098), on January 20, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02520","symbol_name":"山西安装","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260120:nNDL7XJd9G:1","article_id":"2604915281","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604915281","pubTimestamp":1768904345,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Shanxi Installation Group Co., Ltd. has provided a further update regarding its acquisition of a 70% equity interest in Shanxi Construction Investment International Investment Co., Ltd. The purchase price for the stake is RMB58.55 million, based on a valuation report. The update confirms key financial details of the target company, including total assets of approximately RMB93.41 million and net assets of about RMB84.92 million. The company noted that, due to the underdeveloped equity trading market for non-listed companies in China and the lack of sufficiently comparable listed companies, the market approach was not applicable for the valuation of this transaction. All other previously announced information remains unchanged.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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