LINE Corporation has reached a basic agreement for the establishment of 50:50 joint venture (JV) with Longtu Korea Inc. to develop and distribute smartphone games in Hong Kong. Under the terms of the agreement, the JV, Lantu Games Limited, will develop new titles and help with joint publishing of LINE and LongTu-owned games for the respective markets of both companies. The JV will have a tentative capital of $20 million.
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
1,597 KRW | -0.81% | +0.38% | -0.56% |
Mar. 29 | Longtu Korea Inc. announced that it expects to receive KRW 19.999999858 billion in funding | CI |
2023 | LONGTU KOREA Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
1st Jan change | Capi. | |
---|---|---|
-0.56% | 29.5M | |
-5.20% | 26.29B | |
+21.01% | 22.31B | |
+1.24% | 2.42B | |
+104.63% | 2.2B | |
-13.36% | 2.11B | |
-43.12% | 1.71B | |
+6.66% | 1.36B | |
-14.70% | 1.32B | |
+3.06% | 1.31B |
- Stock Market
- Equities
- A060240 Stock
- News LONGTU KOREA Inc.
- LINE Corporation to Form 50: 50 Joint Venture with Longtu Korea