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China Ruyi Holdings Limited ( (HK:0136) ) has provided an announcement.
China Ruyi Holdings Limited announced a significant acquisition of a 30% equity interest in a target company from Tencent Holdings for RMB825 million. This move is expected to bolster the company’s strategic operations in the gaming sector, enhance its market influence, and facilitate collaborative opportunities in the film and gaming industries. The transaction, subject to regulatory approval, underscores the company’s commitment to expanding its business and leveraging its existing resources to maximize the value of the ‘QQ Dance’ IP.
More about China Ruyi Holdings Limited
China Ruyi Holdings Limited is a company involved in the gaming industry, focusing on the development and launch of various mobile and online games. It has built a strong portfolio with successful titles and aims to expand its offerings by acquiring attractive intellectual properties (IPs) and diversifying its product lineup.
YTD Price Performance: -8.16%
Average Trading Volume: 49,883,357
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$32.26B
Learn more about 0136 stock on TipRanks’ Stock Analysis page.
