A-Living Smart City Services Co. Ltd., a joint stock company incorporated in China, has announced the acquisition of equity interests in two entities. The company acquired a 70% equity interest in Target A for RMB17.89 million, and a 100% equity interest in Target B for RMB42.71 million. The transactions were negotiated at arm's length with Agile Environmental and Agile Eco, both subsidiaries of Agile Holdings. The appraisal for these acquisitions was conducted by an independent and qualified valuer using the asset-based approach. The company stated that these transactions are part of its strategic growth initiatives to expand its service offerings in smart city solutions. The board continues to affirm the accuracy and relevance of the details as previously disclosed.
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