The first video hit huge sums to buy mobile game makers

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Network Video Media Group, the first video October 11 issued in the HKEx announced a 168 million yuan (HK $190 million) acquisition of mobile gaming manufacturer Dragon Joyce Group 70%, of which 40 million Hong Kong dollars in cash form, the remaining 150 million Hong Kong dollar will be issued 100, 789,333 shares paid.

The announcement shows that the first video with Dragon Joyce Group entered into a share purchase agreement on October 9, 2009, the acquisition of mobile phone game manufacturers Dragon Joyce Group 70% Stake, The value of $168 million, of which HK $40 million is paid in cash, and the remaining HK $151 million will be paid at a price of HK $150 million, totalling 100,789,333 shares.

The first video said that the acquisition will be the company and Dragon Joyce Group to bring greater synergies and opportunities, because the Dragon Joyce Group focused on low-cost domestic brand mobile phone market, its users through the mobile phone may become a timely color lottery products lottery enthusiasts, so dragon Joyce Group and the company's business in the strategic aspects of cooperation.

From time to time (the full name "China Welfare Lottery") approved by the state Ministry of Finance, the China Welfare Lottery issued by the Management center in the region under the jurisdiction of the Zhongqing, by the Chongqing Welfare Lottery Distribution center underwriting. The first video site in July 09 launched a time color channel business, and by the Heilongjiang Province Lottery Center authorized the first video to become the country's first legitimate official operation of the mobile phone to buy color promotion.

Dragon Joyce Group is mainly engaged in the development and supply of mobile games, as well as the provision of mobile phone and internet value-added services.