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Virtual Mind Holding Company Limited ( (HK:1520) ) has issued an announcement.
Virtual Mind Holding Company Limited has signed a non-binding memorandum of understanding to invest in Harves Entertainment Limited, targeting a 10% equity stake via a capital increase, with final terms subject to due diligence and agreed valuation. Harves Entertainment, which operates top international sports IPs in China and holds Manchester United-related licenses for offline experiences, e-commerce and supply chain in the Chinese market, is seen as a strategic fit that would deepen Virtual Mind’s smart new consumption business in sports, strengthen its consumer IP portfolio and competitiveness, and potentially add new growth drivers, although the deal remains under negotiation and may become a notifiable transaction if formalized.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$0.93 price target. To see the full list of analyst forecasts on Virtual Mind Holding Company Limited stock, see the HK:1520 Stock Forecast page.
More about Virtual Mind Holding Company Limited
Virtual Mind Holding Company Limited is a Cayman Islands-incorporated company listed in Hong Kong that is expanding its business by leveraging AI and Web3 technologies to build a smart new consumption ecosystem spanning sports, cultural tourism and entertainment. The group is focused on consumer-facing intellectual property and digital-enabled experiences, aiming to enhance its presence in high-growth, experience-driven consumption sectors.
Average Trading Volume: 2,843,986
Technical Sentiment Signal: Hold
Current Market Cap: HK$942.3M
For detailed information about 1520 stock, go to TipRanks’ Stock Analysis page.