By Ben Blaschke
Ourgame International Holdings, a Chinese developer of online card and board games and owner of the World Poker Tour, has denied rumors of a general offer for the company after it halted trading on the Hong Kong Stock Exchange yesterday.
In an announcement, the company acknowledged that, “there has been recent speculation regarding a possible general offer for the Company and, in particular, that a purported draft general offer announcement has been circulated on certain online social media platforms.
The board of directors of the Company wishes to clarify that it has not been approached by any party with respect to a potential general offer for the Company, it is not aware of the source of the speculation, nor has it held any discussions with any party with respect to a possible general offer for the Company.
“As such, the Board wishes to state that to the best of its knowledge there is no merit to any rumor or speculation that there may be a potential general offer for the Company. Shareholders and potential investors should therefore not place any reliance whatsoever on any rumor or speculation regarding a possible general offer for the Company and should exercise caution when dealing in the shares of the Company.”
Ourgame purchased the World Poker Tour for US$35 million in 2015 and runs a number of live tournaments around Asia each year under the WPT banner as well as a range of social media offerings.
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