(Alliance News) - Mondo TV Suisse SA announced Tuesday that it has signed a memorandum of understading with Chinese company Youxin Agogo (Hangzhou) Culture and Media Ltd for both media and L&M production and exploitation of the IP Robot Trains series.

The agreement, with an initial term of eight years, provides for the payment of a flat fee for the distribution in China and certain territories in Asia of the series already produced and the production of new season of Robot Trains.

The contract is worth about 50 percent of Mondo TV Suisse's estimated sales in 2023.

"This business arrangement is further confirmation of the interest of Mondo TV products in the Asian and Chinese markets in particular," the company commented.

Mondo TV Suisse's stock is unchanged at EUR0.44 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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