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News Breaks
August 4, 2014
07:29 EDTCMGEChina Mobile Games obtains rights to develop games on Shaolin theme
China Mobile Games and Entertainment Group announced that it has signed cooperation agreement with Shaolin Intangible Assets Management Co. Ltd, the wholly-owned subsidiary of Shaolin Temple to develop mobile games including TV-targeted games on Shaolin theme. Shaolin Temple has special and well respected standing in Chinese religious and traditions. In 2006, Shaolin Kung Fu was included in the first batch of Intangible Cultural Heritage announced by PRC State Council. The core mission of Shaolin Intangible Assets Management Co. Ltd is to protect and promote the prestige brand of Shaolin and Shaolin Temple and make sure that the value is well preserved and appreciated.
News For CMGE From The Last 14 Days
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January 29, 2015
09:37 EDTCMGEChina Mobile Games management to meet with Roth Capital
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January 20, 2015
11:59 EDTCMGEChina Mobile Games management to meet with Roth Capital
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January 16, 2015
08:57 EDTCMGEChina Mobile Games responds to allegations made by short seller
China Mobile Games and Entertainment Group issued the following statement in response to allegations made by a short seller on January 15: The company believes that the allegations made contain numerous errors, unsupported speculation and incorrect interpretations of facts and circumstances. Neither the company nor, to the best of the company's knowledge, any member of its management controls Shenzhen Zhongzheng Ruanyin Science & Technology, a mobile game advertising agent in China, and the company at the center of the short seller's allegations. The company's transactions with Zhongzheng have been conducted and will continue to be conducted in the ordinary course of business and on an arm's length basis. Moreover, the company's revenue derived from business with Zhongzheng for the first three quarters of 2014 accounted for less than 1.0% of the company's total revenue for the period, and payments made to Zhongzheng for the first three quarters of 2014 accounted for approximately 3.0% of the company's operating expenses for the same period. The company intends to take all appropriate legal actions to defend itself against these malicious allegations and to protect the interest of its shareholders.
January 15, 2015
13:36 EDTCMGEChina Mobile Games accused of overstating revenues by GeoInvesting
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