tiprankstipranks
Company Announcements

Ourgame International Makes Progress in Recovering Outstanding Receivables

Story Highlights
Ourgame International Makes Progress in Recovering Outstanding Receivables

Discover the Best Stocks and Maximize Your Portfolio:

Ourgame International Holdings Ltd ( (HK:6899) ) has issued an announcement.

Ourgame International Holdings Ltd has made a significant recovery of over HK$60 million in outstanding receivables since the second half of 2020, with the aid of debt collection agencies. The company is engaged in legal proceedings to recover funds from Spoville Co., Ltd and is pursuing arbitration against Merit Horizon for breaches of agreements. These efforts are part of a broader strategy to resolve historical financial issues and potential misconduct by former management, aiming to restore operational integrity and resume trading on the Stock Exchange.

More about Ourgame International Holdings Ltd

Ourgame International Holdings Ltd is a company incorporated in the Cayman Islands, primarily involved in the gaming and entertainment industry. It focuses on developing and distributing games and related services, with a market presence in Hong Kong.

YTD Price Performance: -20.0%

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €24.79M

See more insights into 6899 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1