Goldman Sachs: Tuhu-W (09690.HK) strategically acquires Australia's mycar, maintains target price of HK$13

Zhito Finance APP has learned that Goldman Sachs issued a research report maintaining its target price of HK$13 for Tuhu-W (09690.HK). The company announced the acquisition of Conti Trade Australia Pty Ltd, which operates the Australian automotive repair and maintenance brand "mycar Tyre & Auto," with an agreed enterprise value of AUD 403 million, equivalent to approximately HK$2.25 billion. The estimated payment at closing is approximately AUD 278 million, equivalent to approximately HK$1.55 billion.