Dowell Service Group Co Ltd Announces Acquisition of 20% Equity in Hunan Jindian Amid Non-Fulfilment of Performance Guarantee

Reuters

May 20

Dowell Service Group Co Ltd Announces Acquisition of 20% Equity in Hunan Jindian Amid Non-Fulfilment of Performance Guarantee

Dowell Service Group Co. Limited has announced an update regarding its acquisition of 20% equity interests in Hunan Jindian. Previously, the company had entered into an agreement on June 23, 2022, where Chongqing Dongyuan, a wholly-owned subsidiary of Dowell, agreed to acquire 80% equity interests in Hunan Jindian for RMB61.7 million. Sichuan Donglan and Mr. Zhang provided a performance guarantee, ensuring that the cumulative growth of Hunan Jindian's total revenue and net profit for the three years ending December 31, 2024, would not be less than 20%. This announcement highlights the non-fulfillment of the performance guarantee related to the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dowell Service Group Co Ltd published the original content used to generate this news brief on May 20, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Dowell Service Group Co Ltd published the original content used to generate this news brief on May 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000656","symbol_name":"*ST金科","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250520:nNDL3Nn2xZ:1","article_id":"2536912556","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536912556","pubTimestamp":1747731450,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Dowell Service Group Co Ltd Announces Acquisition of 20% Equity in Hunan Jindian Amid Non-Fulfilment of Performance Guarantee. 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Sichuan Donglan and Mr. Zhang provided a performance guarantee, ensuring that the cumulative growth of Hunan Jindian's total revenue and net profit for the three years ending December 31, 2024, would not be less than 20%. This announcement highlights the non-fulfillment of the performance guarantee related to the transaction.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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