Longcheer Details Valuation Basis for 60% Stake Acquisition
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Shanghai Longcheer Technology Co., Ltd. has provided details on its acquisition of a 60% stake in certain target companies, with a valuation of approximately RMB928.98 million as of December 31, 2025. The valuation was based on a discounted cash flow method and complies with Hong Kong listing rules. The company aims to enhance its market position and growth through this acquisition, emphasizing transparency and regulatory compliance in the process.
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