Digital Hollywood Interactive has reached an agreement for the initial public offering (IPO) of 500 million shares, including 50 million in Hong Kong and 450 million internationally.
Priced between HK$0.85 ($0.11) and HK$0.63 ($0.089) a share, the IPO will raise between HK$425m ($54.4m) and HK$315m ($40.32m).
The proceeds are intended to be used partly for the acquisition of intellectual properties or other related assets. Part of the proceeds will be used for either investment or acquisition of online game developers or IP providers located overseas or in China, and to acquire IPs or other related assets relating to cartoons and movies.
The company further plans to invest the funds in building research and development, and technology infrastructure, towards marketing and promotions, and for working capital and other general corporate purposes.
Japanese baseball products retailer ZETT Corporation has reached an agreement to acquire Shiura Sports’s business by the end of March 2018.
Also based in Japan, Shiura Sports is a manufacturer and wholesaler of general sports equipment.
INS Ecosystem has completed an initial coin offering with financial advisory from DigitalX, Ltd.
Based in Russia, INS Ecosystem is an online grocery delivery operator.
Onefootball has increased its total funding to $20m following a series C funding secured from adidas.
Based in Germany, adidas designs and manufactures sports shoes, clothing and accessories.
Also based in Germany, Onefootball provides football news and fan services for smartphones, tablets, desktops and SmartTV.
China-based online-to-offline automotive trading platform Chexiang.com has raised $150m in a Series B funding round.
The funding round saw the participation of Ping An Insurance (Group) Company of China, China Taiping Insurance Holdings and China Merchants Wealth Asset Management.