Tencent continues to invest in Feiyu Technology
Feiyu Technology announced via an announcement on the Hong Kong Stock Exchange that Tencent will acquire a total of 90 million ordinary shares (5.24%). Upon completion of the acquisition, Tencent will hold a total of 262 million shares of the Company, representing approximately 15.24% of the Company's total issued share capital as of the date of this announcement. Feiyu Technology is one of the world leaders in manufacturing videography stabilization technology.
This briefing is contributed by and first appeared on CIMK.
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