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Linekong Interactive Group Co., Ltd. — Capital/Financing Update 2015
Apr 30, 2015
51356_rns_2015-04-30_7be30c52-fdf4-4d71-ac58-80a7830539a5.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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Linekong Interactive Co., Ltd. 藍港互動有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8267)
VOLUNTARY ANNOUNCEMENT
INVESTMENT IN GUIZHOU ZHIQU NETWORK TECHNOLOGY CO., LTD.
This is a voluntary announcement made by Linekong Interactive Co., Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”) in relation to the investment in Guizhou Zhiqu Network Technology Co., Ltd.* ( 貴州指趣網絡科技有限公司 ) (the “ Target Company ”).
The board (the “ Board ”) of directors of the Company (the “ Directors ”) wishes to announce that on 30 April 2015, Linekong Entertainment Technology Co., Ltd. (“ Linekong Entertainment ”), a company controlled by the Group through contractual arrangements, has entered into an investment agreement (the “ Investment Agreement ”) with the Target Company, the existing shareholders of the Target Company and the investors, pursuant to which Linekong Entertainment agreed to acquire 6% of the shareholding of the Target Company at the consideration of RMB5,714,300.
The Target Company is a company established in the People’s Republic of China with limited liability and is primarily engaged in the development of online trading platforms, including Taoshouyou (http://www.taoshouyou.com/). Taoshouyou is a third party mobile games trading platform which primarily focuses on the trading of gaming accounts.
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To the best knowledge, information and belief of the Directors having made reasonable enquiries, as at the date of this announcement, each of the parties to the Investment Agreement and their respective beneficial owner(s) is an independent third party of the Company and its connected persons (as defined under the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”)).
With the rise in popularity of midcore and hardcore mobile games, there is growing importance of third party mobile game trading platform in the mobile games industry chain. In light of the aforesaid, the Directors are of the view that the investment in the Target Company will promote the synergy between developing mobile games and online trading platforms, which is in line with the business strategies of the Group. The Board considers that the terms of the Investment Agreement and the transactions contemplated thereunder are fair and reasonable and in the interests of the Company and its shareholders as a whole.
By order of the Board Linekong Interactive Co., Ltd. WANG Feng Chairman
Beijing, PRC, 30 April 2015
As at the date of this announcement, the executive Directors are Mr. WANG Feng, Ms. LIAO Mingxiang and Mr. MAO Zhihai; the non-executive Director is Mr. QIAN Zhonghua; and the independent non-executive Directors are Mr. MA Ji, Mr. CHEN Tong and Mr. ZHANG Xiangdong.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
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This announcement will remain on the “Latest Company Announcements” page of the website of the Growth Enterprise Market at www.hkgem.com for at least 7 days from the date of its posting and be posted on the website of the Company at www.linekong.com.
- For identification purpose only
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