Cheerwin Completes Major Acquisition, Makes Target a Wholly Owned Subsidiary
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Cheerwin Group Limited has completed a major acquisition, acquiring 100% equity interest in a target company, which is now a wholly owned subsidiary. This move will allow Cheerwin to consolidate the target's financial results, potentially expanding its business scale and reinforcing its market position. The latest analyst rating for Cheerwin's stock (HK:6601) is a Hold with a price target of HK$2.50. Cheerwin operates in consumer-related businesses in mainland China and has a current market cap of HK$3.23B.
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