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Fulu Holdings Limited ( (HK:2101) ) has provided an announcement.
Fulu Holdings Limited has announced a reallocation of the remaining HK$160.68 million of its IPO net proceeds, originally earmarked primarily for potential acquisitions of complementary businesses and assets in games-related industries. Following a review of its operations and strategy, the Board has decided to spread the unused funds across expanding its digital goods vendor network and product variety, increasing digital goods sales channel partners, enhancing value-added services, and still reserving a portion for acquisitions, with all remaining proceeds now targeted for deployment by December 31, 2027. The shift reflects a more balanced investment approach between inorganic growth and strengthening core platforms and services, which is expected to support the Group’s ongoing business development and potentially improve its competitive positioning in the digital goods ecosystem.
The most recent analyst rating on (HK:2101) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Fulu Holdings Limited stock, see the HK:2101 Stock Forecast page.
More about Fulu Holdings Limited
Fulu Holdings Limited, incorporated in the Cayman Islands and listed on the Main Board of the Hong Kong Stock Exchange, operates in the digital goods and services sector. The Group focuses on facilitating digital goods transactions, expanding digital goods sales channels, and developing value-added services such as membership management, interactive advertising, virtual employee benefits, and game-related services.
Average Trading Volume: 166,647
Technical Sentiment Signal: Sell
Current Market Cap: HK$486.3M
Find detailed analytics on 2101 stock on TipRanks’ Stock Analysis page.