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Hong Kong Gaming Firm Leyou Tech Gets a New Buyout Offer

  • Zhejiang Century Huatong and Leyou’s major holder sign MOU
  • A bid by Century Huatong would set up a clash with iDreamSky
Updated on

Leyou Technologies Holdings Ltd. has received a new non-binding takeover offer from a Shenzhen-listed rival gaming firm after months of buyout talks with a different suitor.

Zhejiang Century Huatong Group Co. and Leyou’s controlling shareholder Charles Yuk signed a memorandum of understanding regarding the possible sale of shares, Leyou said in a stock exchange filing late Monday, confirming an earlier Bloomberg News report. The parties aim to enter into a formal deal within 90 days of the MOU should they agree to proceed, according to the statement.