Meitu acquired a 31% stake in Dreamscape Horizon from Leyou for HKD2.7bn.

Meitu, a Chinese technology company, acquired a 31% stake in Dreamscape Horizon from Leyou, a global video game holding company focused on free-to-play console and PC gaming, for HKD2.7bn. The consideration shall be satisfied by the allotment and issuance of 991,357,000 consideration shares by Meitu to the Group, at the issue price of HKD2.71 per consideration share, representing approximately 19.08% of the issued share capital of Meitu on a fully diluted basis. The agreement represents a solid step of Meitu entering the gaming market. The group will develop various large-scale online games and casual games for Meitu, taking reference to the age, gender and world view of Meitu's large pool of loyal users.