MOBVISTA (01860) surged over 5% during the trading session. As of the time of writing, it has risen by 5.38%, priced at 8.82 Hong Kong dollars, with a transaction volume of 55.3847 million Hong Kong dollars.
According to Zhitong Finance APP, MOBVISTA (01860) saw its stock price rise over 5% during the trading session. As of the time of writing, it increased by 5.38%, reaching HKD 8.82, with a trading volume of 55.3847 million HKD.
In the news, MOBVISTA announced that its indirectly wholly-owned subsidiary, JuYi International, signed a new main agreement for digital marketing services (Mintegral) and a new main agreement for digital marketing services (leading media) with Marketlogic Technology on December 27, 2024. The signing of these agreements is due to the existing agreement expiring on December 31, 2024, and both parties wish to continue their related Trade.
According to the announcement, approximately 42.63% of the total issued share capital of Marketlogic Technology is held by the company's controlling shareholder, Duan Wei, therefore this company is considered an associate of the company. The annual Trade cap recommended for the new agreement suggests USD 20 million per year from 2025 to 2027, while according to the historical transaction amounts of the existing agreement, the service fees for 2022, 2023, and as of November 30, 2024, were USD 6.64 million, USD 19.63 million, and USD 17.42 million, respectively.