Asia
Sino-Entertainment Unit Secures Capybara PIMOO Licensing Rights
Sino-Entertainment Technology's (HKG:6933) indirect wholly owned subsidiary, Capybara, entered into a licensing agreement with Jiangsu Dongfang to obtain exclusive commercial rights in China to the Capybara PIMOO character through 2028, according to a Hong Kong bourse filing Wednesday.Capybara Group will pay a license fee equal to 20% of sublicense income.It will also pay royalty fees ranging from 35% to 50% of product sales revenue, depending on the product category.
HKG:6933
