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The latest announcement is out from Century Entertainment International Holdings Limited ( (HK:0959) ).
Century Entertainment International Holdings Limited has announced a non-binding memorandum of understanding to form a joint venture with a Philippine-based gaming system service provider. This venture aims to enhance the development and marketing of the partner’s existing gaming system platform. Century Entertainment will hold a 51% equity interest, contributing technical support and market access, while the partner will provide its gaming platform and intellectual property. The joint venture’s formation is contingent upon a definitive agreement, and its success could strengthen Century Entertainment’s position in the gaming industry.
More about Century Entertainment International Holdings Limited
Century Entertainment International Holdings Limited is primarily engaged in investment holdings, operating gaming tables in Cambodia, and developing innovative intellectual properties and technological solutions related to AR/VR applications. The company is expanding its focus through a joint venture with a licensed gaming system service provider in the Philippines.
Average Trading Volume: 476,417
Technical Sentiment Signal: Buy
Current Market Cap: HK$85.93M
See more data about 0959 stock on TipRanks’ Stock Analysis page.