CMGE Technology Faces Financial Impairments Amidst Gaming Market Challenges
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CMGE Technology Group Limited (HK:0302) announced significant financial impairments totaling RMB255.53 million during the 2024 reporting period, attributed to challenges in the mobile gaming market. This includes RMB175.8 million from delayed payments and RMB79.73 million from a failed game development agreement. The stock currently holds a Hold rating with a price target of HK$0.50. CMGE focuses on mobile gaming and collaborates with third-party publishers for revenue generation.
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