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Archosaur Games Inc. ( (HK:9990) ) just unveiled an update.
Archosaur Games Inc. announced that its subsidiary, Archosaur Entertainment, has subscribed to wealth management products through UBS Singapore, with an aggregate investment value of US$24.2 million. This transaction is considered a discloseable transaction under the Hong Kong Listing Rules, as the aggregated percentage ratio exceeds 5% but is less than 25%, requiring notification and announcement but exempting shareholder approval. This strategic financial move is likely to impact the company’s financial portfolio and market positioning, as it involves significant investments in equity-linked and bond-linked notes.
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. operates in the entertainment industry, focusing on developing and publishing interactive games. The company is known for its innovative gaming products and services, targeting a global market with a strong emphasis on immersive and engaging content.
Average Trading Volume: 661,078
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.55B
Learn more about 9990 stock on TipRanks’ Stock Analysis page.