China Construction announced the completion of the acquisition of Jiaboli shares and provided details of the valuation of the target company. According to the announcement of December 29, 2023, the acquisition price is based on audit reports and evaluation reports. The share price of 100% of the target company is RMB52 billion and the transfer price is RMB40.738 billion. The evaluation report uses the revenue law and reflects the value of all shareholders of the target company. The baseline date for the assessment is 31 July 2023 with a forecast period of 5 years and 5 months to December 2028. The evaluation process included projections such as revenue, costs, taxes, expenses, and income taxes, and determined a discount rate of 10.47%. The completion of the transaction will have an impact on the expansion and financial condition of China Construction Materials.

China Construction announced the completion of the acquisition of Jiaboli shares and provided details of the valuation of the target company. According to the announcement of December 29, 2023, the acquisition price is based on audit reports and evaluation reports. The share price of 100% of the target company is RMB52 billion and the transfer price is RMB40.738 billion. The evaluation report uses the revenue law and reflects the value of all shareholders of the target company. The baseline date for the assessment is 31 July 2023 with a forecast period of 5 years and 5 months to December 2028. The evaluation process included projections such as revenue, costs, taxes, expenses, and income taxes, and determined a discount rate of 10.47%. The completion of the transaction will have an impact on the expansion and financial condition of China Construction Materials.