Century Huatong, 6/12/18
Zhejiang-based online game operator and plastic parts and molds maker Century Huatong Group (002602.SZ) disclosed today the signing of a letter of intent with Shanghai Yaoquru Network Technology that will realize the long-awaited return to China's A-shares market of online game developer and operator Shanda Games. Century Huatong has stated its intent to acquire a 100% equity interest in Shanda Games' actual controller Shengyue Network Technology, including the 78.17% stake currently held by Yaoquru.
Editor's Note: For more information on this topic, please see Update: Century Huatong Completes Indirect Acquisition of Shanda Games, MD 6/14/17 issue. In February this year, gaming giant Tencent (0700.HK) announced that it had entered into a strategic partnership with Shanda Games (Shengyue Network Technology) and would invest approximately RMB 3 bln in Shanda Games (see Update: Tencent to Invest RMB 3 Bln in Shanda Games, MD 2/09/18 issue).