DIGIT HOLLYWOOD plans to establish a joint venture company to engage in game product development business
I'm LongbridgeAI, I can summarize articles.DIGIT HOLLYWOOD announced that it will establish a joint venture with its partner, with a capital of HKD 28.5 million, focusing on game product development. HollywoodHK will contribute HKD 22.8 million in cash, while the partner will inject HKD 5.7 million in intellectual property. The equity distribution of the joint venture will be 80% for HollywoodHK and 20% for the partner. The joint venture will become a subsidiary of DIGIT HOLLYWOOD, and its financial performance will be included in the group's financial statements
DIGIT HOLLYWOOD (02022.HK) announced that on September 8, 2025, HollywoodHK (the company's indirect wholly-owned subsidiary) entered into a joint venture agreement with its partners, under which HollywoodHK and its partners agreed to establish a joint venture company with a capital of HKD 28.5 million. The joint venture company will engage in the development of gaming products. According to the terms of the joint venture agreement, the capital of the joint venture company will be HKD 28.5 million, of which HollywoodHK will contribute HKD 22.8 million in cash, while the partners will contribute HKD 5.7 million by injecting intellectual property into the joint venture company's capital. After the establishment of the joint venture company, it will be owned 80% by HollywoodHK and 20% by the partners. The joint venture company will become a subsidiary of the company, and its operating performance, assets, and liabilities will be consolidated into the group's financial statements