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Archosaur Games Inc. Engages in Significant Wealth Management Transactions

Story Highlights
  • Archosaur Games Inc. subscribed to US$20 million in wealth management products.
  • The transactions are discloseable under Hong Kong’s listing rules due to their aggregated value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Archosaur Games Inc. Engages in Significant Wealth Management Transactions

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An update from Archosaur Games Inc. ( (HK:9990) ) is now available.

Archosaur Games Inc. announced that its subsidiary, Archosaur Entertainment, has subscribed to wealth management products worth US$20 million through Standard Chartered Hong Kong. These transactions, involving bond-linked notes and credit-linked investments, are considered discloseable under Hong Kong’s listing rules due to their aggregated value exceeding 5% but remaining under 25%, thus requiring notification and announcement without needing shareholder approval.

The most recent analyst rating on (HK:9990) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on Archosaur Games Inc. stock, see the HK:9990 Stock Forecast page.

More about Archosaur Games Inc.

Archosaur Games Inc. is a company incorporated in the Cayman Islands, primarily involved in the entertainment industry through its wholly-owned subsidiary, Archosaur Entertainment. The company focuses on developing and managing wealth management products.

Average Trading Volume: 834,488

Technical Sentiment Signal: Hold

Current Market Cap: HK$1.53B

For an in-depth examination of 9990 stock, go to TipRanks’ Overview page.

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