BUZZ-Mobvista plunges after saying US rules may affect businesses
ReutersFeb 27, 2025 6:00 AM
Mobvista 1860.HK plunges 38.1% to HK$5.68; set for biggest ever one-day pct decline
Stock hits lowest since November 24, 2024; second-biggest pct loser on Hong Kong bourse
Chinese game publishing and mobile ad services provider says two U.S. laws introduced in 2024 and the new America First Investment Policy may affect its Mintegral and marketing tech businesses
Adds it is still in process of evaluating potential disposal of the two businesses
Co has not entered into binding agreement with any potential buyers
Mobvista earns significant rev from U.S.
Stock down 24.7% YTD
($1 = HK$7.7755)
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