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iDreamSky Technology Announces Share Placement to Fund Game Development

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iDreamSky Technology Announces Share Placement to Fund Game Development

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iDreamSky Technology Holdings Limited ( (HK:1119) ) has issued an update.

iDreamSky Technology Holdings Limited has announced a placing of new shares under a general mandate, aiming to raise approximately HK$72.18 million. The net proceeds will be used to support the development and global distribution of their self-developed game ‘Strinova’, potentially enhancing the company’s revenue and profit growth.

More about iDreamSky Technology Holdings Limited

iDreamSky Technology Holdings Limited is a company incorporated in the Cayman Islands, focusing on the development and distribution of interactive entertainment products. The company is involved in the gaming industry, with a particular emphasis on creating and promoting self-developed games, such as the anime competitive shooting game ‘Strinova’.

Average Trading Volume: 26,958,570

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.42B

Find detailed analytics on 1119 stock on TipRanks’ Stock Analysis page.

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