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Virtual Mind Eyes 3 Million Yuan Investment in Football Team Operator

Apparel maker Virtual Mind (HKG:1520) signed a letter of intent with Shenzhen Xiaowan Sports Culture to invest 3 million yuan in the latter, according to a Tuesday Hong Kong bourse filing.The investment will be through a capital injection and will represent at least 34% equity interest in the target.Shenzhen Xiaowan Sports Culture is the legal entity and sole initiator of the Hunanese Football Team in the Greater Bay Area.The company believes the parties can jointly create a sports IP belonging to the Hunanese in the Greater Bay Area through the investment, by collaborating with the company's other sports IPs.

Financial News · Live Terminal

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Virtual Mind Eyes 3 Million Yuan Investment in Football Team Operator

Kinsus Interconnect Technology's Profit Surges 99% in Q1

Kingmaker Footwear Unit to Sell China Property

Zhongsheng Pharma's Unit Gets Patent From Japan for the Ketoamide-Inducing Method for Leritrelvir Tablets

China Carbon Neutral Development's Shareholder Boosts Stake

I-CABLE Communications Proposes Name Change

Wai Chun Warns of Wider Full-Year Loss

Hanison Construction Warns of Wider Full-Year Loss

3DG Holdings Unit to Lease Australia Property for New Jewelry Store

Wah Sun Handbags Leases Cambodia Site, Signs HK$80 Million Construction Deal

Ascletis Pharma Gets US FDA Nod for Obesity Drug Trial

Kissei Pharmaceutical to Issue 78 Million Yen Treasury Stocks Under Compensation Plan

Gushengtang Units to Acquire Three Medical Companies

Ab&B Bio-Tech's Application for Mpox Vaccine Approved in China

Turvo International's Chair Steps Down

INFRONEER to Grant 64 Million Yen Treasury Stocks Under Compensation Plan

Hokuhoku Financial to Dispose of 122 Million Yen in Treasury Shares Under Compensation Plan

Uni-President Enterprises Unit Buys Structured Deposit Worth 100 Million Yuan

Motilal Oswal Securities Starts Arvind at Buy with INR670 Price Target

Money Forward to Book 1.73 Billion Yen Gain from Sale of Operational Investment Securities