Understanding the Market | Tanwan surged over 7% in the afternoon, the company has recently repurchased shares continuously, partnering with KINGNET to empower the long-term development of legendary IP
Tanwan surged over 7%, and as of the time of publication, it rose 5.06% to HKD 15.17, with a trading volume of HKD 75.5048 million. According to news, Tanwan announced that on October 20, the company repurchased 228,200 shares, totaling HKD 3.1305 million. It is reported that Tanwan has conducted repurchases for five consecutive days since October 14. According to incomplete statistics, Tanwan has conducted a total of 30 repurchases this year, totaling 7.3672 million shares, with a cumulative repurchase amount of HKD 102 million. Notably, in August of this year, Jiangxi Tanwan Information Technology Co., Ltd., a subsidiary of Zhongxu Future, further deepened its business cooperation with Hangzhou Tianqiong Interactive Network Technology Co., Ltd., obtaining authorization for two classic IPs, "Legend of Blood" and "Legend World," and signed a cooperation agreement with Zhejiang Xianqu Interactive Network Technology Co., Ltd., a subsidiary of KINGNET, officially entering the game box section operated by Xianqu Interactive under KINGNET. This cooperation is not only an extension of the long-term collaboration between Zhongxu Future (Tanwan) and KINGNET but also a comprehensive upgrade of the Legend IP ecosystem
