Linmon Media Limited (HK:9857) has released an update.
Linmon Media Limited has entered into a strategic agreement with Tencent Computer, representing Tencent Group, to secure adaptation rights for various literary works. This deal, effective from July 19, 2024, to December 31, 2025, will enable Linmon Media to produce, promote, and distribute drama series, with reciprocal commercialization efforts planned for the licensed properties. The transaction is significant as Tencent Mobility, part of Tencent and holding an 18.95% stake in Linmon Media, is classified as a connected person, making this a continuing connected transaction subject to specific regulatory requirements.
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