Ourpalm (SZ:300315), China’s first listed gaming company, reportedly planned to acquire a game developer Playcrab for 2 billion yuan (about $325 million) (source in Chinese).

The annual profits of Big Head, a Kung Fu mobile game developed by Playcrab, amounted to around 100 million yuan. Ninja, a strategic mobile game developed by the company this April, is well received by gamers.

Trading in the Ourpalm shares were suspended from July 17 for major assets restructuring. The company’s net profit is expected to reach between 44.68 million yuan and 51.06 million yuan in the first half of 2013, up 40 percent to 60 percent YOY, according to the fiscal report released by the firm.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.