MoFo Advises Haitong International Capital in connection with Leyou Technologies’ Acquisition of Online Video Games Companies

05/08/2017

Charles Chau, Alistair Maughan, Aaron P. Rubin, Vivian L. Hanson, Donna Ko, Alexandra Wei Gao, Lincoln C. Lo, and Hao Zhang

Corporate and Mergers + Acquisitions | China

MoFo News Item

Morrison & Foerster is advising Haitong International Capital Limited as the financial advisor to Hong Kong listed company Leyou Technologies Holdings Limited in relation to its acquisitions of Canada-based video games developer Digital Extremes Ltd. and its subsidiaries, and UK-based online video games companies Splash Damage Limited, Warchest Limited, and Fireteam Limited (the “Acquisition”). Leyou Technologies as enlarged will be involved in the development and publishing of online video games. The Acquisition constitutes an extreme very substantial acquisition under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)*.

Hong Kong-based corporate partner Charles Chau led MoFo’s multi-office deal team which also includes London partner Alistair Maughan, San Francisco partner Aaron Rubin, and New York partner Vivian Hanson; of counsel Susan McLean; and associates Donna Ko, Alexandra Gao, Sana Ayub, Lincoln Lo, and Hao Zhang.

The effectiveness of our highly integrated teams and our global platform allowed us to draw on the extensive experience of other international offices. Our particular strength in technology related transactions has continued to earn us representations in this space, demonstrating the caliber and breadth of our practice offering.

You may view the related circular here: English; Chinese.
You may view the related announcement here: English; Chinese.

*Note to Editors: Under the Listing Rules, an extreme very substantial acquisition requires the issuer to prepare a transaction circular with enhanced disclosure comparable to standard for listing documents for new listing applicants and appointed a financial adviser to conduct the due diligence in accordance with Practice Note 21 of the Listing Rules on the target companies.

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