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Dongguan Holdings to Buy Loss-Making Low-Altitude Economy Unit from Parent at Nearly 40% Premium
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Dongguan Holdings announced plans to acquire a 65% stake in Dongguan Low-Altitude Economy Development Co., Ltd. from its controlling shareholder, Jiaokong Group, for 6.0542 million yuan. The deal represents a nearly 40% premium over the asset's book value, despite the target company currently being loss-making. In response to investor concerns about the valuation method, Zhou Xiaomin, the securities representative of Dongguan Holdings, explained that the target operates in an emerging industry and its temporary losses are due to early-stage investments. Zhou emphasized that the company is the only state-owned low-altitude economy platform in Dongguan, holding approved air route resources that are intangible assets not captured by the asset-based valuation method, thus justifying the use of the income approach to reflect future value.
Source report
#东莞控股拟溢价近40%收购控股股东旗下亏损资产，公司回应质疑
财联社9月23日电 东莞控股（000828.SZ）今日发布公告，拟以605.42万元的价格收购控股股东交控集团持有的东莞市低空经济发展有限公司65%股权。
针对该标的资产目前处于亏损状态，却采用收益法进行溢价评估的合理性，东莞控股证券事务代表周晓敏在接受记者以投资者身份咨询时作出回应。
周晓敏表示，标的公司属于新兴行业，前期布局与投入较大，导致暂时性亏损。她强调，低空经济公司是东莞市唯一的低空经济国有控股平台，拥有经过批复的航线资源。
“这类无形资产无法通过资产基础法显现，只能通过收益法来体现其未来价值。”周晓敏补充道。
Source
财联社Eastern
Part of this Story
Dongguan Holdings Responds to Nearly 40% Premium Acquisition of Loss-Making Unit