New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 26, 2014
08:29 EDTCMGEChina Mobile Games issues statement on restructuring and bribery allegations
China Mobile Games stated that, as announced on 20 June, there was an implementation of organizational restructuring and personnel changes in its game publishing business, one of the three business segments of the company and that the purpose of the restructuring is to streamline the company's operations. The company also stated that to the best of its knowledge, it is currently unaware of any evidence of bribery but nevertheless, the independent committee has been formed to look into and address the circulating market speculations. An external law firm will be appointed to assist the independent committee. The company will announce further update on the results of its independent committee's investigation.
News For CMGE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 20, 2015
07:14 EDTCMGEChina Mobile Games announces strategic restructuring of subsidiary
Subscribe for More Information
May 18, 2015
08:34 EDTCMGEChina Mobile Games receives non-binding proposal to be acquired for $21.50/ADS
China Mobile Games announced that its board has received a preliminary non-binding proposal from Orient Hongtai Investment Management, a subsidiary of Orient Securities Company, to acquire all of the outstanding shares of the company, including ordinary shares represented by American depositary shares, for $1.54 in cash per Class A or Class B ordinary share, or $21.50 in cash per ADS. A copy of the proposal letter is attached hereto as Exhibit A. Orient Investment has separately indicated to the Company that it has secured committed equity financing from certain of its affiliates and co-investors in an aggregate amount of RMB 5B. The proposal letter did not state any information pertaining to Orient Hongtai's or Orient Investment's current ownership of the company's ordinary shares or ADSs. The company is not aware through public filings or other documents that Orient Hongtai or Orient Investment may beneficially own 5% or more of the company's ordinary shares. In addition, no members of the Board are affiliates of Orient Hongtai or Orient Investment.
08:32 EDTCMGEChina Mobile Games receives non-binding proposal to be acquired for $21.50/ADS
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use