FilingReader Intelligence

Shandong Molong to acquire assets valued at $11.8m

February 16, 2025 at 10:34 PM UTCBy FilingReader AI

Shandong Molong Petroleum Machinery (SZSE:002490) will acquire select assets from Shandong Shouguang Vegetable Wholesale Market Co., Ltd., according to a new asset appraisal report. The appraised market value of the target assets is $11.8 million (CNY 85,119,800), a 6.12% increase of $680,000 (CNY 4,908,851.12) over the book value of $11.1 million (CNY 80,210,948.88) as of the valuation base date of December 31, 2024. The assets include industrial land, factory buildings and other infrastructure. This assessment will provide a benchmark and reference point for the pending financial transaction.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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