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An update from XD, Inc. ( (HK:2400) ) is now available.
XD Inc. has provided further details on a previously announced asset transfer agreement under which its subsidiary XD Entertainment is acquiring intellectual property assets from various sellers, with the valuation of these IP rights determined at US$37.35 million using an income-based, relief-from-royalty approach. The company disclosed that the valuation constitutes a profit forecast under Hong Kong listing rules and outlined key assumptions underpinning the forecast, including a seven-year useful life for the IP, an 8% royalty rate, full revenue attribution to the IP, and stable operational, legal, staffing, and tax conditions for the underlying business Runic, thereby clarifying the financial basis and regulatory compliance of the transaction for investors and other stakeholders.
The most recent analyst rating on (HK:2400) stock is a Hold with a HK$74.00 price target. To see the full list of analyst forecasts on XD, Inc. stock, see the HK:2400 Stock Forecast page.
More about XD, Inc.
XD Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates through its subsidiary XD Entertainment in the digital entertainment sector, focusing on acquiring and developing intellectual property rights related to its gaming and online entertainment businesses.
Average Trading Volume: 3,007,297
Technical Sentiment Signal: Buy
Current Market Cap: HK$41.46B
See more data about 2400 stock on TipRanks’ Stock Analysis page.