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Alibaba Pictures Group Limited ( (HK:1060) ) just unveiled an update.
Damai Entertainment Holdings Limited has announced a new Game Product and Interactive Product Cooperation Framework Agreement between its subsidiary, Shanghai Youwang, and Hangzhou Xiaoqiao, a subsidiary of Alibaba Holding. This agreement, which involves continuing connected transactions, aims to facilitate collaborations on game and interactive products, potentially impacting the company’s operations and market positioning by strengthening its ties with Alibaba Holding. The transactions are subject to reporting and annual review requirements under the Hong Kong Stock Exchange’s Listing Rules but are exempt from independent shareholders’ approval.
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. The company focuses on game products and interactive product cooperations, leveraging its connections with Alibaba Holding to enhance its market offerings.
Average Trading Volume: 359,362,593
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.59B
Learn more about 1060 stock on TipRanks’ Stock Analysis page.