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Tian Ge Interactive Holdings ( (HK:1980) ) has provided an update.
Tian Ge Interactive Holdings Limited announced that its wholly-owned subsidiary, HuaGe, has entered into a Discretionary Account Agreement with a Manager to provide investment management services. The agreement involves a US$20 million investment, funded by the company’s cash reserves, to be managed over two years. The Manager will have comprehensive discretion to manage the portfolio, focusing on diversified investments across various asset classes, including equities, fixed-income products, and funds. The move is aimed at optimizing asset allocation and maximizing investment efficacy by dynamically adjusting to market conditions and trends.
More about Tian Ge Interactive Holdings
Tian Ge Interactive Holdings Limited is a company incorporated in the Cayman Islands, focusing on providing interactive social and entertainment services. The company operates primarily in the online entertainment industry, offering products and services that cater to a wide range of market segments.
YTD Price Performance: -7.14%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $84.74M
Find detailed analytics on 1980 stock on TipRanks’ Stock Analysis page.