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The latest announcement is out from STAR CM Holdings Limited ( (HK:6698) ).
STAR CM Holdings Limited, through its subsidiary Shanghai Jiuwu Yisheng, has entered into a joint venture agreement with an unnamed partner to establish a company focused on AI music business in China. The joint venture will involve a total investment of RMB359,380,000, with Shanghai Jiuwu Yisheng contributing 32% and the joint venture partner contributing 68%. This strategic move positions STAR CM Holdings to capitalize on the growing AI music industry, potentially enhancing its market presence and offering new opportunities for stakeholders.
The most recent analyst rating on (HK:6698) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on STAR CM Holdings Limited stock, see the HK:6698 Stock Forecast page.
More about STAR CM Holdings Limited
Average Trading Volume: 348,391
Technical Sentiment Signal: Sell
Current Market Cap: HK$581.9M
For a thorough assessment of 6698 stock, go to TipRanks’ Stock Analysis page.