Rego Interactive (HKG:2422) said its wholly owned subsidiary, Hainan Rego Network Technology, entered into a one-year sports intellectual property co-development agreement with an independent third party, according to a Wednesday Hong Kong bourse filing.
The partnership will focus on the incubation, content operation, and commercialization of sports-related intellectual property, with Hainan Rego leading project operations, business management, and compliance oversight.
Shares of the marketing services provider were down over 6% in Wednesday morning trade.