---
title: "BRIEF: CMGE raises $3.8 million in share placement at 6% discount"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283441829.md"
description: "Game operator CMGE Technology Group announced on Tuesday that it has agreed to sell approximately 123 million new shares to three investors at a price of HK$0.244 per share, representing a discount of about 6.15% to the previous day's closing price. This transaction will raise a net proceeds of HK$29.5 million (approximately US$3.77 million). The three investors are Secure Precision owned by Yang Mei, Tanwan Games, and Shengqu Technology Korean under CENTURY HUATONG. After completion, the new shares will account for approximately 3.93% of the company's enlarged share capital. CMGE stated that it will use the funds to support its game publishing business, including enhancing the operation and marketing of IP games"
datetime: "2026-04-21T05:25:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283441829.md)
  - [en](https://longbridge.com/en/news/283441829.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283441829.md)
---

# BRIEF: CMGE raises $3.8 million in share placement at 6% discount

Game operator **CMGE Technology Group** (0302.HK) **said** Tuesday it has agreed to sell about 123 million new shares to three investors at HK$0.244 each, representing a discount of about 6.15% to the previous day’s closing price. The deal will raise net proceeds of HK$29.5 million ($3.77 million).

The three investors are Secure Precision, owned by Yang Mei, **Tanwan Games** (9890.HK), and Shengqu Technology Korean, a unit of **Century Huatong** (002602.SZ). The new shares will account for about 3.93% of the company’s enlarged share capital upon completion.

CMGE said it will use the proceeds to support its game publishing business, including strengthening operations and marketing of IP-based games. CMGE reported revenue of 1.39 billion yuan ($204 million) last year, down 28% year-on-year, while its net loss narrowed 30.1% to 1.47 billion yuan.

The company’s shares opened higher on Tuesday and were trading at HK$0.275 by the midday break, up 5.8%. The stock is down more than 29% so far this year.

_By Lee Shih Ta_

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