The Zhitong Finance App learned that China Mobile Games (00302) rose by more than 7% and rose 7.83% at press time to HK$1.24, with a turnover of HK$23.19 million.
It is worth noting that on April 22, China Mobile Games issued an announcement. Shareholder Pearl River Investment Management will assign Jiang Yukai to join the board of directors of China Mobile Games as a non-executive director. After joining, the board of directors of China Mobile Games consists of eight members. Jiang Yukai is the investment director of Pearl River Investment Management. He has been responsible for Pearl River Investment Management's equity investment, mergers and acquisitions and private equity investment business. He has led various project investments, such as leading the completion of the share acquisition of Hechuang Auto. He is very rich in investment experience, project resources, and contacts in the capital market.
Pearl River Investment Management, which is behind Jiang Yukai, has a development history of more than 20 years, with assets exceeding 64 billion yuan. It invests in a wide range of fields, involving large-scale infrastructure and new energy projects. Zhu Yihang, the actual controller of Pearl River Investment Management, is a veritable e-sports mogul. He founded the EDG e-sports club in September 2013 and established Super Sports Group in 2016. Since then, his investment in e-sports has continued to expand, and has also been involved in e-sports education, e-sports theme industrial parks, MCN institutions, and animation IP pan-entertainment businesses, with the aim of building a comprehensive enterprise for e-sports games and entertainment.
According to reports, 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.