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China Mobile Games & Entertainment Group Ltd announces pricing of follow-on public offering

Friday, 21 Mar 2014 06:30am EDT 

China Mobile Games & Entertainment Group Ltd:Prices follow-on public offering of 3,442,000 American depositary shares at $24 per ADS.Each ADS represents 14 Class A ordinary shares, par value$0.001 per ordinary share.Offering is expected to close on March 26.Intends to use net proceeds from this offering for general corporate purposes, which may include investment in game development, acquisition of games, acquisition of intellectual property, overseas expansion and working capital.Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Jefferies LLC, and Nomura Securities International, Inc. are acting as joint bookrunners and Brean Capital, LLC is acting as co-manager for offering. 

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