Summary by Moomoo AI
DOBAN GROUP LIMITED (STOCK CODE: 01753.HK) COMPLETED THE ACQUISITION OF THREE SUBSIDIARIES IN THE INSURANCE SERVICES AND INTERNET ADVERTISING INDUSTRIES ON 27 MARCH, 24 MAY AND 12 DECEMBER 2023. The Group made a total cash payment of RMB2620 million and was settled by 31 December 2023. THESE ACQUISITIONS ARE PART OF DOBAN GROUP'S STRATEGY TO EXPAND ITS INSURANCE BUSINESS AND INTERNET ADVERTISING TO ACHIEVE EXTERNAL GROWTH. SINCE THE ACQUISITION DATE, THESE SUBSIDIARIES HAVE CONTRIBUTED TO DOBAN GROUP'S REVENUES AND CONSOLIDATED PROFITS. If these acquisitions take place at the beginning of the year, the Group's revenue and comprehensive profit for the year would be RMB109643 billion and RMB30339,000, respectively. CASH FLOW DETAILS RELATED TO THE ACQUISITION HAVE BEEN DISCLOSED, INCLUDING CASH COMPARISON AND CASH AND CASH EQUIVALENTS...Show More