360 stake in the Japanese hand tour developer Klab will be the agent game into China

360 stake in the Japanese hand tour developers Klab will act as a proxy game in China Sina Science and technology news December 1 night, the Japanese hand tour developer Klab announced today will be through Deutsche Bank London branch to issue new shares reserve rights, total 4.138 billion yen, which is the company within one year of the third large-scale financial activities. In addition, Klab and the Chinese Qihoo 360 capital cooperation also was synchronized public. Through this financing, Qihoo 360 will get the Klab 818,500 shares, accounting for 2.56% of the total, about 594 million yen. Klab said that the funds raised through the issue of new shares will be used to be divided into two parts: 1. Third-party directed additional development of the domestic and overseas mobile network games, the cost of 500 million yen, the estimated expenditure date from December 2013 to November 2014. Japan Domestic and Overseas mobile network gaming business advertising, marketing activities cost 340 million yen, the estimated expenditure date from December 2013 to November 2014. 2. New stock reservation right Japan domestic and overseas mobile network game cause the development cost 2 billion yen, the estimated expenditure date is December 2013 to November 2015. Japan Domestic and Overseas mobile network gaming business advertising, marketing activities cost 704 million yen, the estimated expenditure date is from December 2013 to November 2015. and Qihoo 360 related to Qihoo 360 will be in the third party by December 24, by the way of directional additional issuance through Deutsche Bank, to purchase the price of Klab part of the new stock reserve right. In addition, as the agreed conditions for directional additional issuance, Qihoo 360 will work with Klab on business cooperation, will klab the game localization after the Chinese market. Through this financing, Qihoo 360 will get the Klab 818,500 shares, accounting for 2.56% of the total, about 594 million yen. One of the mobile network game cause new product development costs 300 million yen, China Mobile network gaming business advertising, marketing costs 294 million yen, both costs are expected to spend the date of December 2013 to November 2014.