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The latest announcement is out from Sino-Entertainment Technology Holdings Limited ( (HK:6933) ).
Sino-Entertainment Technology Holdings Limited has announced a major transaction involving an acquisition through contribution in kind under a Shareholders’ Agreement. This transaction entails SEHKIHL, a wholly-owned subsidiary, injecting HK$20 million into TEIL, while TIMCL will transfer core source code and intellectual properties related to a SocialFi mobile app. This acquisition surpasses 25% of applicable percentage ratios, making it a major transaction under the Listing Rules, and requires shareholders’ approval in an upcoming EGM.
More about Sino-Entertainment Technology Holdings Limited
Sino-Entertainment Technology Holdings Limited operates within the technology sector, focusing on developing and offering technical support for mobile applications with an emphasis on SocialFi and blockchain technology.
YTD Price Performance: -5.00%
Average Trading Volume: 163,351
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$78.82M
For a thorough assessment of 6933 stock, go to TipRanks’ Stock Analysis page.