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Digital Hollywood Interactive Limited ( (HK:2022) ) has provided an update.
Digital Hollywood Interactive Limited has announced a supplemental disclosure regarding the formation of a joint venture company with an 80:20 ownership structure. This venture aims to co-develop games based on intellectual property rights associated with Chinese action movies and modern romance dramas. The company sees this partnership as a strategic move to enhance its future earning capacity and growth potential by leveraging its partner’s IP rights. Reserved matters in the joint venture require a supermajority board approval, ensuring significant decisions are carefully managed. The joint venture partner is wholly owned by The Sir Run Run Shaw Charitable Trust.
More about Digital Hollywood Interactive Limited
Digital Hollywood Interactive Limited is a company incorporated in the Cayman Islands, operating in the digital entertainment industry. It focuses on developing and distributing online games, leveraging intellectual property rights to enhance its market presence and growth potential.
Average Trading Volume: 2,478,740
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$96.54M
For an in-depth examination of 2022 stock, go to TipRanks’ Overview page.