RC365 Holding PLC (LSE:RCGH) added close to 5% on Thursday after announcing the acquisition of Hong Kong-based media group Mr Meal Productions.
The acquisition was completed for a total consideration of HK$2mln (£200,000), to be satisfied through a combination of cash and equity.
Investors were buoyed by RC365’s acquisition, with shares changing hands at 114p with a market capitalisation of £142mln at the time of writing.