Brainstorm Technology (02203) announced that on April 23, 2024, in addition to the previous purchase of Bubble Mart shares, the company purchased a total of 145,000 Bubble Mart (09992) shares in the open market at a total cost of about HK$5 million (not including transaction costs).
According to the announcement, Bubble Mart is a market leader in character-based entertainment and is famous for pioneering a global designer toy culture. The Board of Directors has a positive view of Bubble Mart's financial performance and future prospects. The Group believes that the further purchase of Bubble Mart shares is a good opportunity to purchase attractive investments and can expand its investment portfolio with high-quality assets, thereby increasing the Group's return on investment.