Century Entertainment Secures Licensing Agreement for Online Games Platform
Century Entertainment International Holdings Limited has announced a Licensing Agreement with WPT to utilize and distribute an Online Games Platform in the Asia-Pacific region. This joint venture involves issuing new shares to WPT in exchange for the license, classified as an acquisition of intangible assets. The transaction is a discloseable transaction under Hong Kong’s Listing Rules and does not require shareholder approval. Current market cap is HK$92.34M, with a technical sentiment signal indicating a 'Buy'.
Century Entertainment International Holdings Limited ( (HK:0959) ) has shared an announcement.
Century Entertainment International Holdings Limited, a company incorporated in Bermuda, has entered into a Licensing Agreement with WPT to utilize, market, and distribute an Online Games Platform in the Asia-Pacific region. This agreement is part of a joint venture where Century Entertainment will issue new shares to WPT in exchange for the license, which is recognized as an acquisition of intangible assets. The transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, does not require shareholder approval.
More about Century Entertainment International Holdings Limited
Technical Sentiment Signal: Buy
Current Market Cap: HK$92.34M
