HK Stock Market Move | STARPLUS LEGEND (06683) surged more than 10%, becoming a strategic shareholder of Galaxy. The company is actively building a global IP ecosystem.

STARPLUS LEGEND (06683) rose by more than 10%, as of the time of writing, it rose by 10.64%, reaching 9.67 Hong Kong dollars, with a trading volume of 140 million Hong Kong dollars. On the news front, on November 3, STARPLUS LEGEND announced that through an industrial fund, it had subscribed to up to 7% of the issued share capital of the well-known Korean artist management company Galaxy. The initial delivery of the industrial fund has been completed, with the company investing 8 million US dollars to subscribe to 16% of the equity of the industrial fund, with the remaining equity held by two independent third parties. Becoming a strategic shareholder of Galaxy is expected to bring various synergies to the company, and the two parties are in deep discussions on the details of strategic cooperation, including but not limited to organizing exhibitions, concerts, artist IP, and derivative product development with Galaxy artists. It is reported that Galaxy has globally influential artist resources such as G-Dragon, Kim Jong-kook, and Song Kang-ho. Becoming a strategic shareholder of Galaxy is seen as a key move in STARPLUS LEGEND's global IP layout. This investment will not only promote a deep connection between STARPLUS LEGEND and top international celebrity IPs but also inject strong momentum into its strategic vision of creating a "global IP development and operation platform."