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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