CA Cultural Technology Group Updates on Resumption Efforts and Continued Operations

An announcement from CA Cultural Technology Group Ltd. ( (HK:1566) ) is now available.

CA Cultural Technology Group Limited announced an update on its efforts to resume trading on the Hong Kong Stock Exchange following a suspension. The company is conducting an independent forensic investigation into past transactions and reviewing internal controls to ensure compliance with listing rules. Despite the trading suspension, the company continues normal operations, highlighted by the opening of Joypolis Sports Hong Kong at Kai Tak Sports Park. The formation of an independent board committee to oversee these processes is anticipated by the end of February 2025.

More about CA Cultural Technology Group Ltd.

CA Cultural Technology Group Limited operates as a multimedia entertainment company in the People’s Republic of China. The company engages in three primary business segments: expanding the indoor theme park brand, CA SEGA JOYPOLIS, through licensing; trading animation-derived products and developing an online Pop Toy Collectibles platform; and multimedia animation entertainment focusing on animation IP, VR, and eSports.

YTD Price Performance: 2.00%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$60.28M

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