Bullish indicating open at $55-$60, IPO prices at $37
Investing.com -- Mobvista’s share price surged 15% in Tuesday trading on the Hong Kong stock exchange, reaching 5.80 Hong Kong dollars, following news of a potential special dividend. This development came after the company proposed the sale of certain business segments.
The marketing and advertising technology firm revealed in a late Monday filing to the exchange that it has scheduled a board meeting for later this month.
The meeting’s agenda includes discussions on the company’s development strategy and ways to address recent legal risks in the U.S. The possible sale of its Mintegral and marketing technology businesses is also on the table.
The company stated, "Assuming the proposed disposal progresses to the stage of voting by the shareholders of the Company, the Board will also discuss a special dividend corresponding to the Proposed Disposal to maximize its shareholders’ interests."
However, the firm clarified that no binding agreement has been signed yet, and uncertainty remains regarding whether the sale will proceed.
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