Phoenitron Holdings Ltd. to Allocate 60% of Disposal Proceeds to Media and Entertainment Investments, 40% to General Working Capital Including Salaries, Office Expenses, and Business Development

Reuters

Jan 08

Phoenitron Holdings Ltd. to Allocate 60% of Disposal Proceeds to Media and Entertainment Investments, 40% to General Working Capital Including Salaries, Office Expenses, and Business Development

Phoenitron Holdings Ltd. has announced its strategy for the utilisation of proceeds from the disposal of investment rights in a TV play. The company plans to allocate approximately 60% of the proceeds to pursue similar investment opportunities in the media and entertainment segment. The remaining 40% will be directed toward general working capital for the development of its existing businesses, with around 10% each designated for salaries and staff costs, rental and office expenses, administrative and operational expenses, and marketing and business development. The disbursement of funds will be aligned with the receipt of instalment payments and the operational needs of the group.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenitron Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260108-11985114), on January 08, 2026, and is solely responsible for the information contained therein.

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