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Marvelous ( (JP:7844) ) has provided an update.
Marvelous Inc. has announced that Tencent Holdings Limited, through its subsidiary Image Frame Investment (HK) Limited, holds 20% of Marvelous’ voting rights, classifying Tencent as an ‘other affiliated company.’ Despite Tencent’s significant stake, Marvelous maintains operational independence, with business decisions made by its board of directors. The relationship with Tencent is characterized by mutual respect and autonomy, aiming for growth and development.
More about Marvelous
Average Trading Volume: 140,332
Current Market Cap: Yen27.78B
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