China gaming firm Ourpalm commits $16m to Huatai M&A fund
Ourpalm, a Shenzhen-listed mobile games developer, has committed RMB100 million ($16 million) to Beijing Huatia Ruilian M&A Fund, a new investment vehicle managed by Huatai United Securities, an investment banking arm of Huatai Securities.
The Beijing-based gaming firm said in a regulatory filing that it expects to use of the investment platform to diversify its business into other segments. The fund, which is targeting a total of RMB 1...
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