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Infinities Technology International (Cayman) Holding Limited ( (HK:1961) ) just unveiled an announcement.
Infinities Technology International has announced measures to strengthen its financial structure and long-term operations in light of current market conditions. The company’s board approved financial initiatives, including securing credit facilities ranging from RMB3 million to RMB15 million for its subsidiary, Guangzhou Jiu Zun Interactive Entertainment, backed by another subsidiary, Chengdu Zhile Interactive Technology Company Limited. These steps aim to optimize working capital, expand financing options, and bolster the company’s financial stability for sustainable growth.
The most recent analyst rating on (HK:1961) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Infinities Technology International (Cayman) Holding Limited stock, see the HK:1961 Stock Forecast page.
More about Infinities Technology International (Cayman) Holding Limited
Infinities Technology International (Cayman) Holding Limited is a company incorporated in the Cayman Islands that operates in the interactive technology and entertainment sectors. Its subsidiary companies are involved in leveraging financial tools to support business operations and growth.
Average Trading Volume: 147,488
Technical Sentiment Signal: Sell
Current Market Cap: HK$216.6M
For an in-depth examination of 1961 stock, go to TipRanks’ Overview page.