Date: 25 Jun 2015
KEE Ever Bright Decorative Technology Co. (KEBDT) announced on Monday that it plans to acquire MMOGA, a European gaming platform, for RMB 2.1bn. KEBDT hopes that this acquisition will shift its business scope from manufacturing to e-business.
If MMOGA’s net profits do not increase more than 43% annually from 2015 to 2017, Mikel Alig, who currently owns all of MMOGA stock, has agreed to compensate KEBDT for the difference between its actual net profits and what they would have been if MMOGA had met the 43% goal.
MMOGA is one of the largest gaming platforms in Europe. As of 30 April 2015, the company had 3.88m registered users, EUR 89.95m in total assets and EUR 56.4m in net assets.
Founded in 1993, KEBDT produces surface materials.
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