Ourpalm Injects USD 30 Mln into 'FingerFun' Gaming Subsidiary

Ourpalm, 10/16/14

Beijing-based mobile game developer Ourpalm (300315.SZ) has announced plans to inject an additional USD 30 mln into its Hong Kong-based mobile gaming subsidiary FingerFun. The funds will be used to improve FingerFun's capital resources and to develop its overseas business.

According to an Ourpalm release, FingerFun is a wholly owned subsidiary of Ourpalm via Ourpalm's subsidiary holding company Beijing Jiuhao (G9) Technology. As of August 30, 2014, FingerFun had total assets of RMB 36.628 mln and net assets of RMB 7.881 mln. In 2013 and the first 8 months of 2014, FingerFun recorded revenues of RMB 8.66 mln and RMB 2.78 mln, respectively, with a profit of RMB 7.64 mln and a loss of RMB 1.84 mln.

Keywords: FingerFun mobile gaming loss profit wireless Ourpalm 300315.SZ revenue

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