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Virtual Mind Holding Company Limited ( (HK:1520) ) has issued an announcement.
Virtual Mind Holding Company Limited has issued a supplemental announcement on its share subscription facility and planned issue of warrants, explaining that the capital raise will fund a technology-driven upgrade of its traditional IP services business. The group intends to integrate Web3 blockchain, AI and VR into its IP product design, development and marketing processes, including putting IP products and membership identities on-chain, creating tamper-proof digital identities, and using AI-powered data analytics and interactive digital features to enhance authenticity, traceability, anti-counterfeiting controls and user engagement, with the warrant subscription expected to raise around HK$60 million for these initiatives.
The most recent analyst rating on (HK:1520) stock is a Hold with a HK$1.00 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 operates as an intellectual property (IP) service provider, following a traditional model of IP licensing, product design and development, outsourced manufacturing and sales, supported by offline promotional marketing and membership engagement services. The group focuses on helping IP owners and licensees commercialise their IPs through products and related marketing activities.
Average Trading Volume: 3,332,778
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.05B
Find detailed analytics on 1520 stock on TipRanks’ Stock Analysis page.