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SincereWatch HK's (00444) rising eased to 6.5%
16 Apr 2019
(Infocast News) Rise in the shares of Sincere Watch (Hong Kong) (00444) has reduced to 6.5% as the stock trades at HK$0.18 from 42.0% this morning when it changed hands at HK$0.24.

The company announced earlier this month that it entered into an MOU on 12 April 2019 indicating its intention to enter into a formal agreement for the possible acquisition of 51% equity interest in a target company - an Australian entity principally engaged in international film sales, distribution and production - upon the successful reorganization of the target company and its subsidiaries.

The target group is principally engaged in international film sales, distribution and production since 2002, with its major operations in Los Angeles, and offices in New York, Beijing and Sydney.

(WL)
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