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An update from Integrated Media Technology ( (IMTE) ) is now available.
Integrated Media Technology Limited announced the conditional disposal of its 100% equity interest in Itana Holdings Limited, IMTE Malaysia Sdn. Bhd., and Itana Energy Pty Ltd, as well as 60% equity interest in Ouction Digital Limited, on December 31, 2024. The deal, finalized on January 13, 2025, involves receiving a royalty of 1.5% to 2.8% from the disposed entities’ gross revenue over the next three years. This strategic move aims to streamline the company’s organizational structure by divesting its interests in the new energy and digital market sectors, potentially impacting its market positioning and stakeholder interests.
More about Integrated Media Technology
Integrated Media Technology Limited operates in the digital technology sector, providing innovative media solutions. The company focuses on leveraging cutting-edge technology to enhance media consumption experiences, catering to the evolving digital market needs.
YTD Price Performance: 1.98%
Average Trading Volume: 45,048
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.41M
See more data about IMTE stock on TipRanks’ Stock Analysis page.
