China’s Lead Eastern Investment Group buys 10% in Zapak

By: |
New Delhi | Published: September 23, 2015 12:20:16 AM

China's Lead Eastern Investment Group on Tuesday announced the acquisition of 10% stake in Reliance Games' Zapak Mobile Games for $15 million.

China’s Lead Eastern Investment Group on Tuesday announced the acquisition of 10% stake in Reliance Games’ Zapak Mobile Games for $15 million.

Besides, Reliance Games, Lead Eastern and Creative Cultural will form a three-way joint venture in China to develop and market mobile games, with 40%, 51% and 9% stakes, respectively.

Reliance Group managing director Amitabh Jhunjhunwala said the partnership with Lead Group will accelerate
the growth and reach of the group’s gaming business in the China  marketplace and also help in its expansion in global markets.

“This partnership will enable both companies to leverage their core competencies,” he said in a statement.

Lead Eastern Company’s chairman Chunfeng Wang said: “The strategic partnership between Lead Eastern and Reliance Games will enable the two companies to expand extensively in China as well as global markets.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition
FinancialExpress_1x1_Imp_Desktop