HK Stock Movement | STARPLUS LEGEND (06683) Rises Over 3% Intraday; Reports Suggest Galaxy Corp to Form Joint Venture for Deep IP Collaboration

Stock News01-15

STARPLUS LEGEND (06683) saw an intraday increase of over 3%, having surged more than 13% during the morning session. At the time of writing, the stock was up 2.91%, trading at HK$6.72, with a turnover of HK$266 million.

According to market reports on January 12, Galaxy Corporation's CEO, Choi Yong-ho, stated that the company plans to collaborate deeply with Chinese firm STARPLUS LEGEND in the fields of IP, AI, and robotics, and will establish a joint venture named Galaxy China to jointly explore the market.

He indicated that the Chinese market is a crucial part of its global strategy, and local partnerships will facilitate a systematic market entry. Choi Yong-ho noted that STARPLUS LEGEND is not only an investor but also a key strategic partner, and the two parties will promote the integration of real-person IP and technology applications worldwide.

It is understood that STARPLUS LEGEND previously announced its acquisition of up to 7% of Galaxy's issued share capital through an industry fund, thereby becoming a strategic shareholder.

Industry analysis points out that through its investment in Galaxy, STARPLUS LEGEND has already connected with an international top-tier IP resource pool, and its transition from an "IP operator" to a "global IP ecosystem builder" is gaining new momentum.

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