Summary by Moomoo AI
BEIJING GAS BLUE SKY HOLDINGS LIMITED (STOCK CODE: 6828) UPDATED ON 17 JANUARY 2024 ITS ANNOUNCEMENT ON 19 DECEMBER 2023 REGARDING THE ACQUISITION OF 49% OF THE SHAREHOLDING OF THE TARGET COMPANY. The update includes adjustments to the estimators' assumptions for the target company's revenue growth rate and expected operating expenses for the primary business. Estimators expect the target company to grow at a fixed compound growth rate of about 2.56% annually from 2023 to 2027, assuming earnings from 2028 to remain the same as in 2027. Operating expenses are expected to grow at a fixed compound growth rate of approximately 0.96% to approximately 5.16% over the same period. The announcement also states that completion of the acquisition remains subject to the fulfilment or waiver of the preconditions contained in the Agreement, except as disclosed. Therefore, the acquisition may not be possible and shareholders and potential investors should act with caution.