Davis Polk is advising Beijing iRENA Culture Co., Ltd. in connection with its proposed acquisition of shares in Ourgame International Holdings Limited from certain existing shareholders. Pursuant to the terms of the share purchase agreements, Beijing iRENA has conditionally agreed to acquire approximately 28.76% of the issue shares of Ourgame International for an aggregate consideration of approximately HK$1.38 billion. The acquisition is subject to a number of conditions precedent, namely the obtaining of shareholder approval and a regulatory ruling.

Beijing iRENA and its subsidiaries are principally engaged in the promotion of sporting events, provision of sports related leisure services, sports marketing and consultancy services in China. Shares of Beijing iRENA are listed on the China National Equities Exchange and Quotations System (more commonly known as the “New Three Board”). Ourgame International is a leading online card and board game developer and operator in China with a strong brand and leading expertise in integrated online and offline operations. Shares of Ourgame International are listed on the Hong Kong Stock Exchange.

The Davis Polk team includes partner Paul Chow and associate Yang Chu. All members of the Davis Polk team are based in the Hong Kong office.

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