iDreamSky (01119) is currently up over 4%, at the time of publication, up 4.26%, at HKD 2.45, with a turnover of HKD 10.4441 million.
According to the Zhitong Finance APP, iDreamSky (01119) is currently up over 4%, at the time of publication, up 4.26%, at HKD 2.45, with a turnover of HKD 10.4441 million.
On the news front, iDreamSky announced that the company plans to sell up to 0.12 billion shares, and the net proceeds are expected to be approximately HKD 0.254 billion. The company plans to use the net proceeds from the sale of shares for the research and development and overseas distribution of key products, as well as for general working capital.
In addition, on July 23, iDreamSky announced a significant partnership with the Esports World Cup Foundation (EWCF). Their self-developed second-dimensional competitive shooting game 'Karabiechew' officially joined EWC, and the 'Karabiechew' project competition will be held in Riyadh, the capital of Saudi Arabia, on August 4-5. At the same time, the company plans to establish a Middle East business headquarters in Riyadh and launch the client version of 'Karabiechew' worldwide in the fourth quarter of 2024.