Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Chinese All Digital Publishing to Acquire Mobile Game Operator MorningTec

Chinese All Digital Publishing, 8/10/17

Beijing-based e-book publishing firm Chinese All Digital Publishing Group (300364.SZ) has announced a plan to acquire the remaining 80% stake that it does not own in Shanghai-based mobile game operator MorningTec for RMB 1.47 bln. When combined with the 20% stake Chinese All Digital Publishing already holds, MorningTec will become a fully owned subsidiary.

Chinese All Digital Publishing will pay RMB 450 mln in cash and issue 64.02 mln shares at a price of RMB 15.98 per share to fund the transaction.

MorningTec specializes in mobile entertainment, app technology development, and app distribution. Within the social networking, gaming, and live video broadcast industries, it is active in 2D content intellectual property operations, gaming, animation, performances, and key opinion leader (KOL) marketing.

As part of the purchase agreement, MorningTec guarantees that net profits for 2017, 2018, and 2019 will be no less than RMB 150 mln, RMB 220 mln, and RMB 264 mln, respectively.

Editor's Note: For more information on this topic, please see "Chinese All Digital to Buy 20% Stake in Mobile Game Operator MorningTec," MD 11/21/16 issue.

Keywords: wireless MorningTec Chinese All Digital Publishing 300364.SZ M&A mobile gaming


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports