Changes in Hong Kong stocks | Toplay (09890) rose more than 9%, and the company actively expands new racetrack game product reserves and is rich

The Zhitong Finance App learned that Zobai (09890) rose more than 9%. As of press release, it had risen 9.03% to HK$15.7, with a turnover of HK$172 million.

According to the news, Cangwan recently announced that it has reached an in-depth cooperation with COEXIST Group and signed a five-year “Cooperation Agreement on the Development of Artist Works”. The collaboration brought together more than 200 top, mid-waist, and up-and-coming trendy artists to collaborate comprehensively on the development, sale and promotion of derivative works of art. In addition, Jin Yong's authorized “Dragon Eight Part 2: Dragon Warriors” minigame was released on November 13.

According to Cathay Pacific Haitong Securities, in the direction of classic game IPs, the company has multiple IP resources including “Legend”, “Dora Continent”, and “Legend of Hot Blood”, and has been actively expanding new tracks and new IPs in recent years. Looking forward to the future, the company still has many product reserves in IP such as Legend, Miracle, Hot Blood, Douro Land, and Jin Yong Martial Arts, which is expected to lead to subsequent performance growth.