HK-listed BDuck Semk hits 14-month peak on tie-up with Public Investment Fund

BDuck Semk Holdings International

04/08/2023 05:10

** Shares of character intellectual property licensing group
BDuck Semk Holdings International Ltd  2250.HK  jump as much as
33.3% to HK$1.88, their highest since June 2022
    ** Company enters into a memorandum of understanding with
Saudi Arabia's Public Investment Fund (PIF) to collaborate in
the form of investment and project and brand development
 urn:newsml:reuters.com:*:nFWN39K1GG
    ** PIF intends to invest in the company by providing
financing through convertible securities with a period of 5
years and intends to invest in its expansion in overseas
entertainment and tourism projects, including parks and hotel -
BDuck Semk 
    ** Hang Seng Commerce & Industry Index  .HSNC  rises 1.3%,
while Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  both climb 1%
    ** As of last close, the stock fell 20.8% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))