DTXS Silk Road Investment Unit Signs MOU for Art and Culture Collaboration with Hainan Exchange Centre

DTXS Silk Road Investment Holdings Company Limited ( (HK:0620) ) has provided an announcement.

DTXS Silk Road Investment Holdings has announced that a wholly owned subsidiary has signed a non-binding memorandum of understanding with Hainan International Cultural and Art Pieces Exchange Centre to pursue a possible collaboration across art and culture businesses. The parties intend to combine their respective strengths in overseas antique retrieval, traditional and digital art trading, cultural IP services, art auctions, art finance, and related logistics, using digital technology to upgrade business models spanning culture, art, technology and finance and to develop new products and market promotion initiatives; given that Hainan Exchange Centre is a connected person through major shareholder Lu Jianzhong, any eventual formal agreement may constitute a connected transaction under Hong Kong listing rules, requiring further disclosure and regulatory compliance.

The most recent analyst rating on (HK:0620) stock is a Sell with a HK$0.47 price target. To see the full list of analyst forecasts on DTXS Silk Road Investment Holdings Company Limited stock, see the HK:0620 Stock Forecast page.

More about DTXS Silk Road Investment Holdings Company Limited

DTXS Silk Road Investment Holdings Company Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries engaged principally in auction and arts-and-collections-related businesses. The group focuses on cultural and art assets, including art auctions, art finance, warehousing and logistics, and antique collection and sourcing, with an emphasis on leveraging international investment and collaboration platforms within the broader culture and art industry.

Average Trading Volume: 785,240

Technical Sentiment Signal: Sell

Current Market Cap: HK$400.5M

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