Summary by Futu AI
China Mobile Games and Entertainment Group Limited (CMGE) announced that, according to the previous announcement on October 13, 2024, the company completed a series of new share subscription transactions on October 22, 2024. This subscription was carried out based on three subscription agreements, issuing a total of 105,777,777 new shares at a subscription price of 0.90 Hong Kong dollars per share, accounting for approximately 3.58% of the enlarged issued share capital. After the subscription was completed, the company raised a net amount of about 9.42 billion Hong Kong dollars, intended for acquisitions and/or investments in game publishers with potential and strong IP-related businesses. The specific acquisition or investment targets have not been determined by the company at this time. This equity subscription has had an impact on the company's equity structure, including new subscribers entering the shareholder list, and changes in the shareholding proportions of some existing shareholders.