Hong Kong Stocks Movement | STARPLUS LEGEND (06683) Falls Over 5% as Management Rules Out Dividends During High Growth Phase, Doesn't Exclude Share Placement if Necessary

Stock News

Oct 14

STARPLUS LEGEND (06683) dropped over 5% today. As of press time, the stock fell 5.39% to HK$9.66, with a trading value of HK$62.42 million.

On the news front, STARPLUS LEGEND's Executive Director and Chief Financial Officer Lai Guohui previously stated in a media interview that the company is undergoing a full-year strategic upgrade. The core focus remains on Jay Chou's official anime IP character "Zhou Tongxue," but in the second half of the year, besides launching character IPs, the company will also develop more original IPs.

Regarding the collaboration between STARPLUS LEGEND and Unitree's robot dog, the AI robot dog is expected to begin pre-sales in the fourth quarter of this year, with mass production anticipated in early next year.

In terms of operations, Lai Guohui indicated that the next one to two years will be the company's fastest growth period, and they are not considering dividend payments for now. He expects the IP business to grow rapidly and believes that IP business revenue in the second half of this year will outperform the first half.

He mentioned that the company does not rule out the possibility of share placement for fundraising if necessary, but emphasized that debt issuance would not be the top priority in the short term.

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As of press time, the stock fell 5.39% to HK$9.66, with a trading value of HK$62.42 million.</p>\n<p>On the news front, STARPLUS LEGEND's Executive Director and Chief Financial Officer Lai Guohui previously stated in a media interview that the company is undergoing a full-year strategic upgrade. The core focus remains on Jay Chou's official anime IP character \"Zhou Tongxue,\" but in the second half of the year, besides launching character IPs, the company will also develop more original IPs.</p>\n<p>Regarding the collaboration between STARPLUS LEGEND and Unitree's robot dog, the AI robot dog is expected to begin pre-sales in the fourth quarter of this year, with mass production anticipated in early next year.</p>\n<p>In terms of operations, Lai Guohui indicated that the next one to two years will be the company's fastest growth period, and they are not considering dividend payments for now. 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