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Zibuyu Group Limited ( (HK:2420) ) has shared an update.
Zibuyu Group Limited has entered into two significant contracts with Hangzhou Shuzhi to enhance its intelligent advertising capabilities. These contracts, valued at RMB2.70 million, involve the construction and development of an intelligent advertising system and the provision of subscription services, both set to run until the end of 2025. The transactions are classified as continuing connected transactions due to the involvement of Mr. Hua, a major shareholder in both companies, and are subject to specific reporting and review requirements under Hong Kong’s Listing Rules.
More about Zibuyu Group Limited
Zibuyu Group Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It focuses on developing intelligent advertising systems, providing construction, development, and subscription services.
YTD Price Performance: -17.53%
Average Trading Volume: 72,530
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2B
See more insights into 2420 stock on TipRanks’ Stock Analysis page.