Lesi Group Limited ( (HK:2540) ) has shared an update.
Lesi Group Limited announced that its subsidiary, Beijing Lesimedia, has entered into a guarantee contract with Xiamen Jinritoutiao Information Technology and Chongqing Dongchezu Technology. This agreement secures payment obligations for Khorgos Lemon Technology and Beijing Lexiao Information Technology, both subsidiaries of Beijing Lesimedia, in acquiring advertising space. The arrangement allows the Group to benefit from favorable credit terms due to increased advertising space purchases, reflecting a strategic move to enhance its advertising capabilities. This development is in line with the company’s regular business operations and does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.
More about Lesi Group Limited
Lesi Group Limited is involved in the technology industry, primarily focusing on media and advertising services. Its operations include subsidiaries like Beijing Lesimedia Technology Co., Ltd., which engage in acquiring advertising space on media platforms for mobile ads distribution.
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Technical Sentiment Signal: Strong Buy
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