HK Stock Market Move | XD INC (02400) rose more than 3%, intending to acquire related IP assets of "Torchlight" for $37.18 million.

XD INC (02400) rose more than 3%, rising 3.56% as of press time, reporting 65.4 Hong Kong dollars, with a turnover of 42.3406 million Hong Kong dollars. On the news front, XD INC announced that on December 29, its wholly-owned subsidiary XDEntertainment entered into an "Asset Transfer Agreement" with the seller Runic and ArcGames, as well as affiliated company GoldenArc, agreeing to acquire all rights, ownership, and interests in intangible assets related to games and related intellectual property rights (especially the intellectual property rights of "Torchlight"). The transaction cost was 37.18 million US dollars. The announcement stated that after the completion of the asset transfer, the group will fully own this intellectual property rights and will no longer incur such patent fees. This move will directly increase the profit margin of "Torchlight: Infinite", improve the overall profitability of the group, and create better returns for shareholders. In addition, with the complete ownership of the intellectual property rights of "Torchlight", the group will be able to independently develop sequels, derivative works, and cross-platform products, thereby enriching the product portfolio, expanding new sources of revenue, and realizing the deep value transformation and continuous growth of this high-quality intellectual property asset.