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| Friday, 26 June 2015, 15:30 HKT/SGT | |
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HONG KONG, June 26, 2015 - (ACN Newswire) - IGG Inc ("IGG" or "the Group"), the global leading developer and publisher of mobile online games, is pleased to announce: The approval-in-principle has been granted by the Stock Exchange on 25 June 2015 for the Shares to be listed on the Main Board and de-listed from GEM. The last day of dealings in the Shares on GEM (Stock code: 8002.HK) will be 6 July 2015. Dealings in the Shares on the Main Board (Stock code: 799.HK) will commence at 9:00 a.m. on 7 July 2015.
 | | IGG Inc Transfer of Listing from the Growth Enterprise Market to the Main Board of the Stock Exchange Of Hong Kong Limited |
On 16 March 2015, an application was made by the Company to the Stock Exchange for the Transfer of Listing. The Company has applied for the listing of, and permission to deal in (i) 1,393,595,930 Shares in issue, (ii) 50,057,169 Shares which may fall to be allotted and issued pursuant to the exercise of any options which may be granted under the Pre-IPO Share Option Scheme on the Main Board by way of transfer of the listing of the Company from GEM to the Main Board, and (iii) 7,921,000 Shares which may fall to be allotted and issued pursuant to the exercise of any options which may be granted under the Share Option Scheme on the Main Board by way of transfer of the listing of the Company from GEM to the Main Board.
No change will be made to the stock short names of the Company, the board lot size, the trading currency and the share registrars of the Shares in connection with the Transfer of Listing. Shares will be traded under the new stock code 799 in board lots of 1,000 Shares each following the Transfer of Listing.
Reasons for the Transfer of Listing
The Group is a rapidly growing developer and publisher of mobile online games with a global presence and international customer base. The Group has its headquarters in Singapore with regional offices in the United States, China, Canada, the Philippines, Japan, Korea and Thailand and customers from over 200 countries and regions around the world.
The Directors believe that the listing of the Shares on the Main Board will enhance the profile and public recognition of the Group as well as increase the trading liquidity of the Shares. The Directors consider that the listing of the Shares on the Main Board will be beneficial to the future growth, financial flexibility and business development of the Group.
Group CEO Mr. Cai Zongjian commented, "The main board listing marks an important milestone in IGG's history. It provides a new opportunity and broader platform for us to continue our expansion and further entrench ourselves in mobile online game markets worldwide. We will build on our strengths in global games development and publishing, and actively seek out the best possible partners from around the world, with a view to enhancing shareholder value."
About IGG Group
Established in 2006, IGG Group is a global leading mobile games developer and operator with headquarters in Singapore and regional offices in the United States, China, Canada, Japan, Korea, Thailand and the Philippines. We offer multi-language and multifarious products to users around the world. In addition to the main partners of Apple, Google, Microsoft and Amazon, the Group has established long-term partnerships with more than 100 other game promotion platforms worldwide, to execute its global marketing strategy in an effective manner. IGG's most popular games include "Castle Clash", "Clash of Lords II", "Texas HoldEm Poker Deluxe", "Slot Machines" and "Deck Heroes".
Topic: Press release summary
Sectors: Daily Finance
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