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Shareholders vote down Meitu's (01357) Dreamscape acq
18 Apr 2019
(Infocast News) Meitu, Inc. (01357) announced that its proposed acquisition of 31% issued share capital of Dreamscape Horizon from Leyou Technologies Holdings (01089) was supported by 26.26% of the votes cast at an extraordinary general meeting held today.

As less than 50% of the votes were cast in favour of the resolution, the resolutions was not passed by the shareholders.

Dreamscape Horizon owns 97% stake in Digital Extremes (DE Canada), which is principally engaged in the development of video games for both PC and console platforms such as PS4, Xbox One and Nintendo Switch.

(WL)
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