Vividthree Holdings (VVH)

Vividthree will hold an EGM on May 10 to seek shareholders' approval for the acquisition, in line with SGX's recommended practice.

A call option agreement allows Vividthree to acquire a further 21% stake for at least $1.98 million if net profit targets are met.

Blockchain games have seen a recent surge in popularity, partly fuelled by the ongoing Covid-19 pandemic.

Shares in Vividthree closed 2.3 cents higher or 56.1% up at 6.4 cents on Nov 20.

The events, according to both companies, will “raise the bar in gaming and esports content development”.

The purchase price for the acquisition is $894,632.95, which will be fully paid in cash.

Vividthree Holdings, the visual effects and CGI production studio, has entered into a joint venture agreement with Quebec Leisure International, the events and entertainment arm of NTUC Club, on Friday.

SINGAPORE (Dec 27): Vividthree Holdings, the visual effects and computer-generated imagery (CGI) company, says it is in talks to acquire comics content creator, DarkBox Studio.

SINGAPORE (Feb 11): Vividthree Holdings, the virtual reality (VR), visual effects and computer-generated imagery production studio, reported earnings decreased 16.1% to $1.2 million in 3Q19 ended Dec from $1.4 million in 3Q18.

SINGAPORE (Aug 30): Vividthree Holdings (VVH), the visual effects studio 51% owned by mm2 Asia, on Wednesday lodged its preliminary offer document for the proposed spinoff and listing on the Catalist Board.