Reported about 1 year ago
Digi-Capital held a shareholders' meeting on June 25, 2024, with Chairman Tu Chun-kwang expressing plans to turn losses into profits in 2024. The company's game development costs have been gradually decreasing in the second quarter, with its subsidiaries showing no signs of losses and planning to launch several games in the second half of the year. Digi-Capital is also expected to complete its capital increase and convertible bonds (CB) in the third quarter, with the proceeds intended for improving financial structure and participating in HerChien Technology's capital increase. The company plans to focus on developing high-quality games and release one to two games annually, while expanding game product agency distribution power. Overseas game releases will primarily target Brazil and Southeast Asia (Australia, Thailand). Digi-Capital is also venturing into leisure gaming, launching Monopoly-themed slot machines in Brazil and aiming to increase the number of machines. Following a profitable first quarter in 2024, Digi-Capital is projected to continue on a profitable trajectory, with new game launches in the fourth quarter, setting expectations for a potentially successful year overall.
Source: YAHOO