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Central Wealth Group Holdings Limited ( (HK:0139) ) just unveiled an announcement.
Smart Fish Wealthlink Holdings Limited has entered into a strategic investment memorandum of understanding with Zhejiang Chuhai Digital Technology Co., Ltd., a company based in China that operates in the digital economic area, particularly in the short-form film industry. The potential investment involves acquiring up to 40% equity interest in the target company, which has a significant presence in the short-form film market with platforms operating in over twenty countries. This move aligns with Smart Fish Wealthlink’s strategy to diversify and tap into the rapidly growing short-form film industry, leveraging the target company’s established ecosystem and extensive content network.
The most recent analyst rating on (HK:0139) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Central Wealth Group Holdings Limited stock, see the HK:0139 Stock Forecast page.
More about Central Wealth Group Holdings Limited
Smart Fish Wealthlink Holdings Limited, formerly known as Central Wealth Group Holdings Limited, operates primarily in the securities and futures dealing business, financial investments, and money lending sectors. The company has recently expanded into the short drama business, utilizing AI technologies, and is actively seeking to diversify its business scope.
Average Trading Volume: 10,612,766
Technical Sentiment Signal: Hold
Current Market Cap: HK$534.4M
Find detailed analytics on 0139 stock on TipRanks’ Stock Analysis page.