http://www.hkexnews.hk/listedco/listconews/sehk/2015/0401/LTN20150401057.pdf
Well, this is a surprise, I had never heard about Ledo Millenium so don' know which credentials they had.
Also, I wonder which intentions they had with SNK ip's, at least this last year SNK has been in good shape thanks to his PC and Mobile releases
POSSIBLE VERY SUBSTANTIAL ACQUISITION POSSIBLE INVESTMENT IN A RENOWNED JAPANESE VIDEO GAME DEVELOPER
...
POSSIBLE INVESTMENT IN A RENOWNED JAPANESE VIDEO GAME DEVELOPER
The board (the Board) of directors (the Directors) of the Company is pleased to announce that on 31 March 2015 (after trading hours), the Company and Ledo Millennium Co., Ltd. (Ledo Millennium) have entered into a term sheet (the Term Sheet), pursuant to which the Company intends to subscribe for shares of Ledo Millennium which would effectively result in the Company acquiring 100% of Ledo Millenniums equity interest, and Ledo Millennium has simultaneously entered into a separate term sheet with a renowned Japanese video game developer (the Target Company) under which Ledo Millennium shall acquire the controlling stake of the total share capital of the Target Company (Possible Investment), subject to due diligence and execution of definitive agreements between the parties. If materialized, the Possible Investment will result in the Company indirectly acquiring a controlling interest in the Target Company.
REASONS FOR THE POSSIBLE INVESTMENT
The Target Company is principally engaged in the business of video game development on mobile,
console and PC platforms worldwide.
...
INFORMATION ABOUT LEDO MILLENNIUM
Ledo Millennium, a company incorporated under the laws of the British Virgin Islands, is a
wholly owned subsidiary of BZ Entertainment Co., Ltd., a company incorporated under the laws of the British
Virgin Islands. BZ Entertainment Co., Ltd. is an investment holding company.
INFORMATION ABOUT THE TARGET COMPANY
The Target Company is a historically distinguished video game hardware and software company with
headquarters in Osaka, Japan. The Target Company primarily operates as a third party video game
developer and publisher on all major platforms including arcade, PS2, PS3, XBOX 360, Wii and PC.
Classic franchise games published or owned by the Target Company include, but is not limited to, the
genre of fighting games, run and gun games, and a rail shooter arcade game. The Target Company is
most notable for creating a video game platform in the form of home game console in the 1990s. Their
most popular and successful console was a portable handheld machine with coloured graphics launched
in 1999.
Its successful track record in producing hit games and the fact that it had previously cooperated with
Capcom to make hit fighting games, leaves no doubt that the Target Company is one of the most
celebrated video game developers in Japanese history.
As at the date of this announcement, to the best of the Directors knowledge, information and belief
having made all reasonable enquiry, each of Ledo Millennium, the Target Company and their respective
beneficial owners are third parties independent of the Company and its connected persons.
As the Possible Investment may or may not proceed, shareholders of the Company and potential
investors should exercise caution when dealing in the shares of the Company.
Well, this is a surprise, I had never heard about Ledo Millenium so don' know which credentials they had.
Also, I wonder which intentions they had with SNK ip's, at least this last year SNK has been in good shape thanks to his PC and Mobile releases