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Alibaba Pictures Group Limited ( (HK:1060) ) has shared an announcement.
Damai Entertainment Holdings Limited has announced a Cooperation Framework Agreement between its subsidiary, Alibaba Pictures (Tianjin), and Beijing Yuyouxiangfa, a consolidated entity of Alibaba Holding. This agreement involves the provision of rental and commissioned services, with aggregated annual caps set for the upcoming financial years. The transactions are considered continuing connected transactions under the Listing Rules, requiring reporting and annual review but are exempt from independent shareholders’ approval due to the applicable percentage ratios.
The most recent analyst rating on (HK:1060) stock is a Buy with a HK$0.60 price target. To see the full list of analyst forecasts on Alibaba Pictures Group Limited stock, see the HK:1060 Stock Forecast page.
More about Alibaba Pictures Group Limited
Damai Entertainment Holdings Limited, formerly known as Alibaba Pictures Group Limited, operates within the entertainment industry, focusing on film and television production and related services. The company is a part of the Alibaba Group, which is a major player in the global market with significant holdings in various sectors.
Average Trading Volume: 359,362,593
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.59B
See more insights into 1060 stock on TipRanks’ Stock Analysis page.