US Stock Market Move | Subsidiary 4Divinity receives $3 million strategic investment from GCL Global (GCL.US), with shares rising nearly 10% at the opening bell.
On Monday, GCL Global (GCL.US) rose nearly 10% in early trading, closing at $1.26.
On Monday, GCL Global (GCL.US) rose nearly 10% in early trading to $1.26. On the news front, the company announced that its publishing subsidiary, 4Divinity Pte. Ltd., has received a $3 million strategic investment from ADATA Technology. According to the announcement, ADATA will acquire approximately 1.2% equity in 4Divinity. This investment is seen as an important step for both parties to deepen cooperation in the gaming and technology ecosystem, providing additional support for 4Divinity's game publishing and content layout, and further consolidating GCL Global's expansion strategy in the global entertainment industry.
ADATA Chairman and CEO Simon Chen said: "We are pleased to officially establish our partnership by becoming a strategic shareholder of 4Divinity. We believe that 4Divinity's games in its pipeline have truly explosive potential, and its strong creative and operational leadership team make this decision easy for us. We look forward to playing our part in shaping the future of interactive entertainment."
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