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ALI PICTURES Soars 21% on Proposed Company Name Change to 'Damai Entertainment'
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ALI PICTURES (01060.HK) made an announcement at noon proposing to change its company name to “Damai Entertainment Holdings”. Its share price elevated after midday, and last soared 21% to $0.74, with a trading volume of 1.2 billion shares, involving $800 million. The proposed change of Company name will further enhance its brand awareness and refresh its brand strategy in the entire entertainment ecosystem, especially the offline entertainment market, while also providing it with a more relevant and distinctive corporate image and identity, ALI PICTURES noted. Additionally, the change will support the Group's future efforts in diversifying its operations, enabling a higher-quality, comprehensive experience of experiential entertainment across all segments of the entertainment industry. AAStocks Financial News Website: www.aastocks.com |
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