Hong Kong Stock Movement | TANWAN (09890) Rises Over 7% Again, Up 30% Monthly, Partners with COEXIST to Expand Trendy Toy Industry Layout

Stock News2025-12-17

TANWAN (09890) surged over 7% in early trading, marking a cumulative monthly increase of more than 30%. At the time of writing, the stock was up 7.4% to HKD 17.56, with a trading volume of HKD 24.45 million.

On November 27, TANWAN's wholly-owned subsidiary focused on trendy toys, TANWAN, signed an "Artist Works Development Cooperation Agreement" with COEXIST Group. The collaboration brings together over 200 trendy toy artists to jointly develop, sell, and promote derivative artworks, with a five-year partnership term.

This move signifies TANWAN's expansion into the trendy toy industry, leveraging its digital entertainment expertise to enhance its business ecosystem and usher in a new chapter of blending "classic IPs + artist IPs."

Cathay Haitong Securities previously noted that TANWAN owns multiple IP resources, including "Legend," "Douluo Continent," and "Hot Blood Legend," and has actively explored new business avenues in recent years. Looking ahead, the company has a robust pipeline of products based on IPs such as "Legend," "Miracle," "Hot Blood Jianghu," "Douluo Continent," and Jin Yong's martial arts series, which are expected to drive future performance growth.

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