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Ourgame International Acquires Majority Stake in Target Company

Story Highlights
  • Ourgame International’s subsidiary Beijing Lianzhong will acquire 51% of a target company.
  • The acquisition is a discloseable transaction and will strengthen Ourgame’s market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ourgame International Acquires Majority Stake in Target Company

TipRanks Black Friday Sale

Ourgame International Holdings Ltd ( (HK:6899) ) has issued an announcement.

Ourgame International Holdings Ltd, through its wholly-owned subsidiary Beijing Lianzhong, has entered into an Investment Agreement to acquire a 51% stake in a target company for RMB31.20 million. This transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, will make the target company a non-wholly owned subsidiary of Ourgame International Holdings Ltd. The acquisition is expected to enhance the company’s market position and operational capabilities.

More about Ourgame International Holdings Ltd

YTD Price Performance: 63.16%

Average Trading Volume: 4,243,029

Technical Sentiment Signal: Buy

Current Market Cap: HK$326.6M

For a thorough assessment of 6899 stock, go to TipRanks’ Stock Analysis page.

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