SportsQuest Inc (SPQS)

[vinsterr]

They want to acquire 500 cinemas in the next 4 years!

“SPQS Shares of SportsQuest, Inc are surging ahead today, currently up by 42%, after the company announced it has acquired 12 movie theaters, with 3 more in the process of acquisition, all situated in major Chinese cities. They employ a total of 139 staff members across their headquarters and various theater locations. The company's strategy includes expanding its portfolio to 50 cinemas by the end of 2024, increasing to 150 by 2025, and aiming for 500 by 2028. Additionally, through the development of proprietary AI technology, the company anticipates managing 1,000 franchised cinemas between 2025 and 2026, positioning itself as the leading cinema chain brand in China. Its objective is to capture 70% of the market share.”