China Mobile Games (00302) rose nearly 10% in early trading. As of press release, it was up 5.88% to HK$1.08, with a turnover of HK$12.6841 million.
The Zhitong Finance App learned that China Mobile Games (00302) rose nearly 10% in early trading. As of press release, it had risen 5.88% to HK$1.08, with a turnover of HK$126.841 million.
According to the news, on April 22, China Mobile Games issued an announcement stating that Pearl River Investment Management will appoint Jiang Yukai to join the board of directors of China Mobile Games as a non-executive director. After it joined, the board of directors of China Mobile Games was composed of eight members. According to reports, the actual controller of Pearl River Investment Management is Zhu Yihang, the eldest son of Zhu Mengyi's family, and Zhu Mengyi is the founder of Hesheng Creative Development Group Co., Ltd., known as the “hidden hegemon” in the real estate industry.
As early as April 2021, Zhu Yihang subscribed for 56.4 million shares of Chinese mobile games through its investment company Wide Fortune because he was optimistic about the value of Chinese mobile games. I believe that Jiang Yukai, the investment director of Pearl River Investment Management, has become the non-executive director of China Mobile Games, which indicates that Zhu Yihang will further deepen the investment layout of the game and IP business through China Mobile Games, and that sections such as its e-sports fan entertainment and the family's Hop Sang Commercial Offline Shopping Center will deepen all-round cooperation with Zhongshi.