MoFo News Item

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

08 May 2017

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.

View the: Circular in English; Circular in Chinese.
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.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.