Palm Technology plans to acquire Nanjing's distribution culture and in-depth layout in the pan-entertainment field

Palm Technology issued the "Announcement on the Extension and Resumption of Major Asset Reorganization", which plans to purchase the assets of Nanjing Distribution Culture Development Co., Ltd. by issuing shares and paying cash, and raise matching funds to lay out the field of pan-entertainment and literature.

On March 14, Palm Technology issued the "Announcement on the Extension and Resumption of Major Asset Reorganization", planning to purchase the assets of Nanjing Distribution Culture Development Co., Ltd. by issuing shares and paying cash, and raise matching funds to lay out the field of pan-entertainment literature.

Palm Technology has suspended trading since January 19, 2017, and disclosed the "Announcement on Suspension of Major Asset Restructuring", which plans to carry out major asset reorganization matters within the pan-entertainment industry. Nearly two months after the suspension was suspended, the company announced through this postponement and resumption announcement that the target company is Nanjing Distribution and its main business is digital reading services. In order to ensure the smooth progress of asset reorganization, Palm Interest will continue to suspend trading from March 20 for a period of no more than one month.

Since 2014, Palm Fun has acquired many game companies such as Tianma Space and Upstream Network, and has successively invested in more than 40 companies such as Animoca Brand, Zongheng Information, Webzen, Station B, Sports Window, and Leke VR, covering games, animation, film and television, IP, VR and other fields.

The proposed acquisition of Nanjing Distribution is another performance of Palm Fun's in-depth layout in the literary and pan-entertainment field after investing in Palm Music. After the acquisition is completed, Palm Technology will form a pan-entertainment business layout covering literature, animation, film and television, games, sports and other fields, and gradually develop from IP buyers to IP owners.

Editor: Nancy