Color Star Technology Co. Ltd. (CSCW) stock prices were down by 6.22% as of the market closing on October 26th, 2021. This brought the price per share down to USD$0.57. Subsequent pre-market fluctuations saw the stock surge by 18.13%, bringing it up to USD$0.67.
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Partnership with Coldwell
October 25th, 2021 saw CSCW stock announce its wholly owned subsidiary, Color China, having entered into an agreement with Coldwell Banker UAE. As per the agreement, the company will leverage Coldwell’s extensive resources and expertise in international real estate. This will facilitate the securing of venues for real estate-related cultural tourism. The partnering company’s established operations structure and vast resources span across the Middle East, Europe, and the United States. This scope has the potential to bring tremendous value to both of the partnering companies.
About Coldwell Banker UAE
The partnering company is a world-renowned real estate brokerage firm, backed by 116 years of experience in the industry. This is consolidated by 16 years of local experience in the United Arab Emirates. Coldwell is committed to providing industry-leading real estate services and solutions to customers from around the world who invest in UAE real estate.
CSCW Stock’s Synergistic Partnership
Following the implementation of the partnership, CSCW stock will entrust Coldwell with the selection of performance venues, filming sites, training bases, and investment and development of other real estate projects. The company has allocated resources towards the combination of online entertainment via technology and offline physical projects. The past few years have seen the accelerated growth of the company’s business, bolstered by its continuous expansion in the overseas market. 2021 has marked the company’s large-scale performances and filming site and training base selection, which will require the right physical venues.
Scope of CSCW Stock’s Partnership
Real estate has long been a staple of the global economy, with its integration promising even for an entertainment technology company. As CSCW stock takes steps to become a composite company, its partnerships with powerful international real estate firms have the potential to vastly improve the future development and trajectory of the overall business.
Future Outlook for CSCW Stock
CSCW stock is keen to capitalize on the scope of opportunities afforded to it as a result of its most recent collaboration with Coldwell Banker UAE. The company is poised to maintain the momentum it has generated over the past several quarters through to the end of the year and beyond. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate consistent and organic increases in shareholder value over the long term.