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The latest update is out from Ruicheng (China) Media Group Limited ( (HK:1640) ).
Qian Xun Technology Limited, a company focused on blockchain technology, has entered into a non-legally binding memorandum of understanding to potentially acquire 100% equity interest in PUNKCODE TECHNOLOGY CO., LIMITED, a Web3 financial technology company based in Hong Kong. The acquisition aims to enhance Qian Xun’s capabilities in blockchain wallet solutions and cross-border payment systems, addressing issues such as low payment efficiency and high settlement costs in the second-hand digital transaction industry.
The most recent analyst rating on (HK:1640) stock is a Sell with a HK$4.50 price target. To see the full list of analyst forecasts on Ruicheng (China) Media Group Limited stock, see the HK:1640 Stock Forecast page.
More about Ruicheng (China) Media Group Limited
Average Trading Volume: 1,362,068
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.51B
Find detailed analytics on 1640 stock on TipRanks’ Stock Analysis page.