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[Broker Focus] CITIC Construction Investment maintains China's Confucian (00136) “buy” rating, indicating that the acquisition of Youai Mutual Entertainment is expected to further expand its gaming footprint
Jinwu Financial News | CITIC Construction Investment Research Report said that on May 7, China Ruyi (00136) announced the acquisition of 100% of Byte's assets, Beijing Youai Mutual Entertainment Technology Co., Ltd., with a transaction consideration of 259 million yuan. Currently, the core asset of Ai Mutual Entertainment is “Red Alert OL”. After the equity transfer is completed, it is expected to further expand the company's game layout, optimize resource allocation, and promote overall performance growth, based on the “Red Alert” IP's broad player base. Furthermore, as a comprehensive game company with integrated R&D and operation, Jingxiu Games, a subsidiary of Ruyi, is committed to the development and production of quality content, and will focus on developing the lead in the future
China Ruyi Wants to Buy ByteDance's Gaming Company for Up to 350 Million Yuan
Tencent-backed China Ruyi Holdings (HKG:0136) wants to buy video games maker C4-Games Technology for up to 350 million yuan, Yicai reported Wednesday. ByteDance, the parent company of TikTok, owns C4-
Changes in Hong Kong stocks | China's Ruyi (00136) is now up more than 5% and is spending 259 million dollars to acquire Beijing Youai Mutual Entertainment, which has many IP resources
The Zhitong Finance App learned that China's Ruyi (00136) is now up more than 5%. As of press release, it has risen 5.56% to HK$2.09, with a turnover of HK$23.127 million. According to the news, China's Ruyi announced that its subsidiary Beijing Ruyi acquired 100% of Beijing Youai Mutual Entertainment Technology's shares from an independent third party. The latter's core assets are R&D assets for the “Red Alert OL” game, at an initial cost of 259 million yuan. Based on the simulation game life cycle, the company believes that the “Red Alert OL” project will still have considerable benefits in the future. Furthermore, CITIC Construction Investment said that in December '23, Ruyi invested in Wanda Film and became the actual controller.
China's Ruyi plans to acquire 100% of Beijing Youai Mutual Entertainment Technology's shares for 259 million yuan
China Ruyi (00136) announced that on May 7, 2024, Beijing Ruyi (the company's controlled structural entity) and the seller (Beijing Chaoxi Guangnian Information Technology Co., Ltd. and Beijing Youyi Technology Co., Ltd.) signed an equity transfer agreement. Beijing Ruyi plans to acquire 100% of the sales shares of Beijing Youai Mutual Entertainment Technology Co., Ltd. from the seller at a cost of RMB 259 million (subject to adjustment). After the equity transfer is completed, the target company will become an indirect wholly-owned subsidiary of the company, and the target company's financial performance, assets and liabilities will be comprehensively incorporated into the group's accounts. According to the announcement, the purpose
China Ruyi (00136.HK): Beijing Ruyi plans to acquire 100% of Beijing Youai Mutual Entertainment Technology's shares for 259 million yuan
Gelonghui, May 7, 丨 China Ruyi (00136.HK) announced that on May 7, 2024, Beijing Ruyi (the company's controlled structural entity) and the seller entered into an equity transfer agreement. According to this, the seller (Beijing Chaoxi Guangnian Information Technology Co., Ltd., Beijing Youyi Technology Co., Ltd.) conditionally agreed to acquire sales shares equivalent to 100% of the target company Beijing Youai Mutual Entertainment Technology Co., Ltd., at a cost of RMB 259 million (subject to adjustment). After the equity transfer is completed, the target company will become an indirect wholly-owned subsidiary of the company, and the target company's financial business
Individual Investors in China Ruyi Holdings Limited (HKG:136) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 5.3% Last Week
Key Insights China Ruyi Holdings' significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 25 investors have a majo
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