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Digital Hollywood Interactive Limited ( (HK:2022) ) has issued an announcement.
Digital Hollywood Interactive Limited announced the formation of a joint venture company with a share capital of HK$28.5 million, in collaboration with a JV Partner. Hollywood HK, a subsidiary of the company, will hold an 80% stake in the new venture, which will focus on game products development. This strategic move aims to enhance the company’s position in the gaming industry by leveraging the JV Partner’s intellectual property rights. The joint venture will be consolidated into the company’s financial statements, reflecting its impact on the company’s operations and market positioning.
More about Digital Hollywood Interactive Limited
Digital Hollywood Interactive Limited is a company incorporated in the Cayman Islands, primarily engaged in the game products development industry.
Average Trading Volume: 1,638,181
Technical Sentiment Signal: Sell
Current Market Cap: HK$96.54M
Learn more about 2022 stock on TipRanks’ Stock Analysis page.