Maoyan Entertainment (HK:1896) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Maoyan Entertainment has announced the renewal of several key cooperation agreements with Tencent and Shanghai Yueting, strengthening ties in content production, promotion, distribution, cloud and technical services, as well as payment services. These renewed agreements, which are part of the company’s continuing connected transactions, are significant as Tencent and China Literature Group are substantial shareholders in Maoyan. The company’s compliance with Chapter 14A of the Listing Rules ensures that these transactions meet annual reporting and review requirements, but do not necessitate independent shareholder approval.
For further insights into HK:1896 stock, check out TipRanks’ Stock Analysis page.