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The latest update is out from Orange Sky Golden Harvest Entertainment (Holdings) Limited ( (HK:1132) ).
Orange Sky Golden Harvest Entertainment announced a supplemental update on its theatre projects in Suzhou and Xi’an, initially planned in 2018. Despite launching the first show in July 2023, the company faced challenges due to economic conditions and delays from contractors, resulting in lower-than-expected attendance and financial performance. The company struggled to secure additional investment or bank financing to complete the remaining projects, highlighting the impact of a sluggish market recovery post-pandemic.
More about Orange Sky Golden Harvest Entertainment (Holdings) Limited
Orange Sky Golden Harvest Entertainment (Holdings) Limited operates in the entertainment industry, focusing on theatre and movie productions. The company is involved in developing stage performance projects in China, utilizing exclusive technology for immersive theatrical experiences.
YTD Price Performance: 15.00%
Average Trading Volume: 1,408,021
Technical Sentiment Consensus Rating: Hold
Current Market Cap: HK$128.8M
Learn more about 1132 stock on TipRanks’ Stock Analysis page.