GUOQUAN (02517) rose nearly 4%, as of the time of writing, up 3.85%, priced at 1.89 Hong Kong dollars, with a transaction amount of 14.7967 million Hong Kong dollars.
According to the Zhito Finance APP, GUOQUAN (02517) rose nearly 4%. As of the time of writing, it has increased by 3.85%, reaching HKD 1.89, with a transaction volume of 14.7967 million HKD.
In terms of news, GUOQUAN announced the acquisition of a total of 41% equity in Beihai Dai Xia Ji Food Co., Ltd. (the target company). All the preconditions stated in the equity acquisition agreement have been met or waived, and according to the terms and conditions specified in the equity acquisition agreement, the company will complete the acquisition of 41% of the target company's equity by December 24, 2024.
Northeast Securities released a Research Report stating that GUOQUAN's store network is expanding rapidly, reaching 10,307 stores in 2023, covering 29 provinces, autonomous regions, and directly administered municipalities. As the company expands and deepens its offline store sales channels, innovates various new sales channels, strengthens R&D and upstream supply chain capabilities, consolidates core competitive advantages of its products, improves supply chain digitalization, promotes membership system construction, enhances operational efficiency and revenue, and continues to increase brand building and marketing investments to improve Consumer reach and stickiness, steady growth in stores and revenue is expected.