-- DoubleU Games (KRX:192080) will acquire all issued and outstanding American Depositary Shares (ADS) of DoubleDown Interactive at $11.25 per ADS in cash, the developer of online games and mobile games said Tuesday.
The deal is valued at about $184 million. Following the transaction, DoubleDown Interactive will become a fully-owned subsidiary of DoubleU Games, according to the release.
Shares of DoubleU Games jumped nearly 9% at market close.
37 Interactive Entertainment Network Technology's (SHE:002555) attributable profit rose 8.5% to 2.90 billion yuan in 2025 from 2.67 billion yuan in 2024, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the online game operator increased 9.1% to 1.32 yuan from 1.21 yuan in the previous year.Operating revenue declined 8.5% year over year to 16 billion yuan from 17.4 billion yuan.
S&P Global Ratings expects mixed credit effects for major Chinese oil companies due to the Middle East conflict, according to a recent release.Increased prices will boost the upstream companies' earnings, but feedstock supply constraints and price controls will hit downstream, S&P said.China has high exposure to the Middle East as the region accounts for half of its total oil imports, the rating agency said.Investor concerns range from the demand impact of disruptions in the Strait of Hormuz to the credit strength of Chinese national oil companies, the rating agency said.
Luoyang Shenglong Mining's (SHE:001257) attributable profit rose 3.7% to 385.1 million yuan in the first quarter from 371.2 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.Earnings per share at the molybdenum mining company increased 3.8% to 0.2376 yuan from 0.2290 yuan in the prior-year period.Operating revenue declined 1.6% year over year to 1.34 billion yuan from 1.36 billion yuan.