Bewinner Announces RMB 500 Mln Private Placement Offering

Shenzhen Stock Exchange, 7/09/13

Beijing-based telecommunications value-added services provider Bewinner Communications (002148.SZ) has announced a private placement offering to raise up to RMB 500 mln through the release of no more than 19 mln shares at a price of RMB 26.30 per share. Under the terms of the private placement, the issuing price shall not be lower than 90% of the company's average share price over the previous 20 days of trading. With the newly raised capital, Bewinner plans to invest RMB 221 mln in mobile game development and operations, RMB 123 mln in mobile video projects, RMB 82 mln in the development of a mobile advertising platform, and RMB 74 mln in developing the company's "Wi-Fi Connect" mobile app project.

Bewinner has divided investment in mobile gaming into four categories: establishing a centralized mobile gaming platform, developing four mobile game products, as well as licensing and operating 14 mobile online games.

Keywords: financing mobile gaming wireless mobile video mobile advertising Bewinner Communications 002148.SZ WVAS

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