News summary

Huakai Yibai acquires Tongtuo Technology in cashgmanetworkfamilyfeud, the transaction consideration is 700 million yuangmanetworkfamilyfeud, Guotai Junan is optimistic about its complementary advantages, enhancing competitiveness, and maintaining its target price of 19gmanetworkfamilyfeud.35 yuan, additional rating.

Newsletter text

[Huakai Yibai's share price soared more than 4%, hitting 14.gmanetworkfamilyfeud.50 yuan to a new height, and the market value exceeded the 59 billion yuan mark]. The company plans to use a pure cash transaction to acquire 100% equity of Tongtuo Technology held by DHgate Co., Ltd., at a transaction price of 700 million yuan negotiated by both parties. Guotai Junan made in-depth comments on this transaction and believed that this cash acquisition is expected to promote the complementary advantages of both parties, thereby strengthening Huakai Yibai's industry competitiveness. At the same time, Guotai Junan remains optimistic about the prospects of Huakai Yibai, maintains its target price at 19.35 yuan, and maintains an overweight rating on the company.