Hong Kong-listed gaming operator Ourgame has gone on a nearly $66m acquisition spree to extend its mobile gaming reach.
On Wednesday, Ourgame International Holdings Ltd issued a trio of filings via the Hong Kong Stock Exchange detailing its acquisition of three mainland China companies that specialize in mobile mahjong, poker, card and board games.
In the biggest transaction, Ourgame says it paid RMB 220m (US$34.2m) in cash and stock for 100% of Nanjing Haoyun Meicheng Electronics Technology Co., Ltd, which will become a wholly owned Ourgame subsidiary.
The Nanjing firm operates “20 to 30 China regional card and board games, such as mahjong, poker and other card and board game products” across six Chinese provinces, and reported an after-tax profit of RMB 28.4m in 2017.