Longmaster Increases Stake in Mobile Game Developer

Shenzhen Stock Exchange, 9/23/13

In an official disclosure, Guiyang-based telecom value-added services and online entertainment provider Longmaster Information & Technology (300288.SZ) announced yesterday that the company will increase its investment in Chengdu-based mobile game developer and operator Guiyang Wangyang Digital Entertainment (Wangyang Entertainment). Following the investment, Longmaster's stake in the company will increase from 35% to 42%.

Established in April 2013, Wangyang Entertainment is primarily involved in mobile game development and operation. The company's operational team is currently concentrated in Chengdu, Sichuan Province. Revenue from the iOS version of Wangyang Entertainment's licensed 3D martial arts-themed mobile game Daojian Tianxia exceeded RMB 1 mln in August, after accounting for profit sharing.

In August, Longmaster acquired a 35% stake in Beijing-based mobile game developer and operator Beijing Mengcheng Interactive Technology.

Editor's Note: For more background on this topic, please see "Longmaster Takes 35% Stake in Mobile Gaming Company" MD 8/06/13 issue.

Keywords: Wangyang Longmaster mobile gaming investment wireless 300288.SZ Daojian Tianxia

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