iCandy To Acquire Hyper-Casual Mobile Gaming Platform: NextGamer

Highlights:

•  Based in Singapore, Nextgamer is a hyper-casual mobile gaming platform (Nextgamer.io) and mobile game developer that offers very short and easy to master games to mobile gamers
•  According to Pocketgames.biz, the Hyper-casual genres is one of the fastest growing segments in mobile games, globally
•  VentureBeat.com describes it as one of the most “talked-about” genres growing at “unprecedented rates”. More recently, Zynga acquired hyper-casual game maker, Rollic for US$168M and Tencent acquired a minority stake in Voodoo Games (valuing it at US$1.4 Billion) – source: Techcrunch
•  iCandy is acquiring 100% of Nextgamer for a total consideration of A$1.29million, being $900,000 in cash and 3M ICI shares at $0.13per share
•  Business model of Nextgamer is to generate income through in-game purchase and advertising, similar to iCandy

Disc: Small but growing holding. One of my Covid purchases

iCandy to sell iCandy Digital for A$4.8 million to RightBridge Ventures AB that is seeking an IPO

Highlights:

~ iCandy to dispose of iCandy Digital Pte Ltd (“IDPL”) – which holds 26 mobile game titles and 23% stake in iCandy’s esports venture ESPL – for A$4.8 million to Sweden-based RightBridge Ventures AB ? RightBridge focuses on investing in esports and gaming companies, and is planning for an IPO in 2021

~ iCandy will receive 17,296,000 shares in RightBridge worth A$4.8 million , and an option to purchase 2,178,682 additional Rightbridge shares at nominal value, bringing iCandy’s shareholding to approximately 25% in RightBridge upon IPO

~iCandy will gain strategic access to the Nordic gaming and esports market via RightBridge

DISC: I HAVE SMALL HOLDING

Also of note is that Fatfish FFG has had a speeding ticket & has answered as below

(FFG currently up 64% at $0.088 but has been as high as 11.5cps on this notice)

 From FFG ~Response to Speeding Tkt~FFG is aware that iCandy Interactive Limited (ICI) (which FFG has an approx. 33% interest in) was in negotiations dispose a subsidiary to RightBridge Ventures AB, (which FFG has an approx. 50.1% interest in via its interest in Abelco Investments Group AB). As this transaction does not result in any material change in FFG’s interest in ICI, FFG does not consider this information has any material effect on the value of FFG’s shares or the recent trading in its securities. ICI has made the relevant announcement and the announcement has been cross referenced on FFG’s announcement platform.

4Q2020: iCandy’s Best Quarter Ever with 274% Jump in Cash Receipts

1. 274% Jump in Cash Receipts

2. Launching of Masketeers on Samsung Galaxy Store USA

3. Partnership with Ohayoo

4. JV with Lemon Sky Studios

DISC: I have small holding