GCL Global (GCL.US) Surges Nearly 10% at Open After Subsidiary 4Divinity Secures $3M Strategic Investment

Stock News12-08

On Monday, shares of GCL Global (GCL.US) rose nearly 10% at market open, trading at $1.26. The surge followed the company's announcement that its publishing subsidiary, 4Divinity Pte. Ltd., secured a $3 million strategic investment from ADATA Technology.

According to the announcement, ADATA will acquire approximately 1.2% equity in 4Divinity. The investment marks a significant step in deepening collaboration between the two parties within the gaming and technology ecosystem, providing additional support for 4Divinity's game distribution and content strategy while reinforcing GCL Global's expansion plans in the global entertainment industry.

Simon Chen, Chairman and CEO of ADATA, stated: "We are delighted to formalize our partnership by becoming a strategic shareholder in 4Divinity. We believe the games in 4Divinity's pipeline hold genuine breakout potential, and its strong creative and operational leadership made this decision effortless for us. We look forward to contributing to shaping the future of interactive entertainment."

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