CMON (01792) has announced that on April 23, 2026, the seller Precious Choice Global Limited entered into an agreement with the buyer CMON Hong Kong Limited, a wholly-owned subsidiary of the company. Under the agreement, the buyer conditionally agreed to acquire and assume the sale shares, representing approximately 2.2% of the issued share capital of the target company Blissful Link Investments Limited, for a consideration of about HK$16.5 million.
The target company is a limited liability company incorporated in the British Virgin Islands and is engaged in the business of video game development. Its latest project, titled "Capverse," is a Web3 play-to-earn game that utilizes blockchain technology. As of the date of this announcement, the seller holds a 77.06% interest in the target company.
Over the years, traditional board and other tabletop games have integrated with digital gaming, bringing not only the convenience of digital technology but also offering online multiplayer modes, automated rules, and applications that enhance the physical gaming experience. The company believes that to remain current in the gaming industry and expand the group's revenue streams, it is necessary to undergo digital transformation and venture into video game development and Web3 projects.
The advantages of digital transformation include improved visual effects, the use of applications for automated scoring and timing, flexible accommodation of varying numbers of players, and greater ease for geographically dispersed players to participate. Additionally, involvement in Web3 projects often emphasizes social responsibility and ethical practices, such as transparency and fairness in decision-making processes. Through participation in Web3 initiatives, the company can demonstrate its commitment to social responsibility and sustainable development.
However, the group will continue to support this digital transformation with its physical game business, as physical games still allow players to take a break from electronic screens and facilitate face-to-face interaction. Aligned with this strategy, the acquisition will enable the company to convert its existing intellectual property (IP), including flagship titles such as "Endless Darkness" and "Super Fantasy Brawl Reborn," into high-quality digital assets.
This conversion is expected to help the group leverage its existing fan base and expand its presence in the digital gaming market, thereby opening up new revenue sources. The board of directors believes that integrating the group's proprietary IP with digital and Web3 technologies will enhance the long-term commercial value of the group's product portfolio.
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