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Amax Intl to acquire mobile game software applications

Amax Intl to acquire mobile game software applications

Casino services investor Amax International Holdings Ltd is to acquire some mobile game software applications for a consideration of US$3.48 million (£2.81 million).

The transaction with a third-party vendor will involve issuing consideration shares under a general mandate, with each unit of such stock at an issue price of HKD0.450 (£0.05).

An associated company of Amax International was once one of the biggest junket investors in the Macau casino market when judged by monthly rolling chip volume, investment analysts have said.

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