BRIEF: CMGE raises $3.8 million in share placement at 6% discount
Game operator CMGE Technology Group (0302.HK) said Tuesday it has agreed to sell about 123 million new shares to three investors at HK$0.244 each, representing a discount of about 6.15%…
iDreamSky merges ‘shoot-em-up’ and anime in self-made play for profits
The gaming company raised money via share placements three times in the last year as it bets on its self-developed ‘Strinova’ to lead it back into the black Key Takeaways:…
CMGE makes a global play with Chinese-themed video games
With a hit product rocketing up the charts, the mid-sized gaming company is diversifying its portfolio and aiming for international impact through a flurry of deals and tie-ups Key Takeaways:…
FAST NEWS: CMGE returns to profits as game approvals resume
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) said Thursday it expects to post a non-GAAP adjusted net profit of 65 million yuan (8.93$ million) or more for the first half of…
FAST NEWS: CMGE Chairman Settles With Creditor on Pledged Shares
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) reported on Wednesday its chairman and largest shareholder Xiao Jian pledged about 90 million shares, equivalent to 3.25% of the company’s total, as collateral…
Big-Spending Game Developer ZX Rolls the Dice With IPO Plan
Despite benefiting from a gaming surge during Covid lockdowns, the company’s finances still contain some red flags as it eyes a Hong Kong listingKey Takeaways:ZX Inc.'s revenue and profit both…
FAST NEWS: CMGE Makes Strong Overseas Gains, But Rising Costs Hit Profits
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) reported last Thursday its revenue last year rose 3.6% to 4 billion yuan ($628 million). But its profit fell 13.9% to…
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