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Alibaba Pictures Group Limited ( (HK:1060) ) just unveiled an announcement.
Alibaba Pictures Group Limited, through its subsidiary Zhonglian Shengshi, has entered into a lease agreement with Chuanfu Yunxi for office premises, valued at approximately RMB212 million. This connected transaction, involving entities associated with Alibaba Holding, is subject to reporting requirements under Hong Kong’s Listing Rules but does not require independent shareholders’ approval.
More about Alibaba Pictures Group Limited
Alibaba Pictures Group Limited operates in the entertainment industry, focusing on film production, distribution, and related services. As a subsidiary of Alibaba Group, it leverages digital technology to enhance its offerings and market reach.
YTD Price Performance: 6.25%
Average Trading Volume: 196,467,622
Technical Sentiment Signal: Hold
Current Market Cap: HK$14.94B
See more data about 1060 stock on TipRanks’ Stock Analysis page.