YH Entertainment Group Announces Strategic Acquisitions

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 benefits from 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.

For further insights into HK:2306 stock, check out TipRanks’ Stock Analysis page.