On 23rd September, Hong Kong Cash Financial Company (HKSE: 8122) acquired Moli Group Limited wholly for 110 million Hong Kong dollars.
Moli Group Limited is a company that offers all-round digital entertainment services in Mainland China. It is a developer, content provider and operator of all-round digital entertainment products such as online games, casual games and mobile phone games. Moli Group Limited possesses the leading and mature ability for in-house R&D of MMORPGs. It also possesses the 3D game graphics engine developed in-house, which can be compared to the Korean excellent engines. The MMORPG "King of Pirate online" is based on this engine. The Moliyo integrated game entertainment platform will focus on games, products value-added services and community services. The platform will create a huge flow of customers with great loyalty through various entertainment products. All this will help Moli Group Limited maintain profitable business.
In the future, Moli Group Limited will continue to put efforts into the online integrated entertainment business based on "online entertainment". Besides, it will offer casual games, mobile phone games, the interactive making-friends community focused on game players, the Avatar virtual system and the flash auto greeting card system.
CASH Financial Services Group claims, "The stable product market channel, the huge member base and the ability for developing games in-house has equipped Moli Group Limited with a competitive edge in the rapidly developing online game market. All the share holders of CASH agree on this acquisition and expect a huge benefit being brought to our company."
"It is exciting to enter the rapidly developing online game sector. With the company’s online platform and technological facilities, synergies will be achieved to create a Internet entertainment legend in China’s Internet market, which is considered with potential and profitable by global risk investment firms." Bankee Kwan, Chairperson of CASH, said.
Background information:
1.CASH Financial Services Group ("CFSG"; HKSE: 8122)
CFSG is one of the main financial services groups in Hong Kong and has been servicing clients in Hong Kong for more than thirty years. Through a well-developed securities and commodities brokerage infrastructure, complemented by a fast-growing wealth management and asset management business arm, CFSG offer a comprehensive range of premier financial products and services catering for the investment and wealth management needs, for our clients in Hong Kong and the Greater China Region. CFSG gets listed on Hong Kong’s IPO (HKSE: 8122).
Please read the following websites for more details:
www.cashon-line.com
www.cfsg.com.hk
2.Moliyo Group Limited
Moli Group Limited is a company that offers all-round digital entertainment services in Mainland China. It is a developer, content provider and operator of all-round digital entertainment products such as online games, casual games and mobile phone games. In the part of game operation, Shanghai Moliyo Digital Entertainment Company Limited released its first 3D Q version MMORPG (King of Pirate online) in April 2005 and was in charge of R&D of digital entertainment products, overseas release of in-house game products and operation of the integrated entertainment platform (moliyo.com).
Public Relations Center of Moli Group Limited:
David Ren, Spokesman of Moli Group Limited
Email: Heda.ren@moliyo.com
Telephone: (86)21-50761799 ext.1102
Bin Tan, Media Manager of Moli Group Limited
Email: Bin.tan@moliyo.com
Telephone: (86)21-50761799 ext.2822
Illustrations of news release:
All the industry description, development of company and illustrations of products referred in this news are based on real information and objective data analysis. Forward expectations will also be included. If there are any risk and uncontrollable factors in the future, our group will release all the details in public documents. |