Shenzhen Bingchuan Network (SHE:300533) completed the establishment of two live-streaming and online game-developing subsidiaries after getting their business licenses.
Shangrao Kaili Network and Wuhan Chaohe Technology each have a registered capital of 2 million yuan, according to a disclosure with the Shenzhen Stock Exchange on Wednesday.
The licenses were obtained from the market supervision bureaus of China's Shangrao City and Wuhan City, the software publisher said.
Shares of the company rose less than 3% in recent trade.
Price (RMB): ¥17.61, Change: ¥+0.50, Percent Change: +2.92%
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