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Cityneon kept at 'buy' on acquisition of Jurassic World: The Exhibition IP

Broker's Calls

Cityneon kept at 'buy' on acquisition of Jurassic World: The Exhibition IP

Samantha Chiew Published on Mon, Sep 04, 2017 / 3:43 PM GMT+8

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SINGAPORE (Sept 9): UOB KayHian is maintaining its “buy” rating on Cityneon Holdings with an increased target price of $1.50 following the group’s acquisition of the Jurassic Park intellectual property.

On Aug 30, the group announced that it was purchasing 100% stake in JP Exhibitions (JPE) for a consideration of US$25 million ($34 million), which will grant it the rights to Jurassic World: The Exhibition (JWTE) -- an exhibition based on the Jurassic Park motion picture franchise.

See: Cityneon makes third IP acquisition with rights to Jurassic World: The Exhibition