Cube Magic Inc:To invest up to $1 million to set up an overseas subsidiary.
Cheoum & C Co Ltd:Invests 1,233,840,000 won to set up a wholly owned subsidiary in China.New entity will be engaged in the business management services to ecommerce business.The new entity will be capitalized at 1,233,840,000 won.Transaction settlement date of Feb. 25.
SHANGHAI U9 GAME CO.,LTD:Shanghai-based wholly owned sub-subsidiary to establish two wholly owned subsidiaries in Hong Kong and Singapore, with a registered capital of $14 mln and $1 mln respectively.The Hong Kong-based subsidiary will be engaged in game business related investment and operation.The Singapore-based subsidiary will be engaged in game authorization, operation and investment business.
SHINWA ART AUCTION CO LTD:Says its subsidiary to set up a wholly owned subsidiary in U.S that with tentative name of APEC Reinsurance Co., Ltd.New sub-subsidiary will capitalized at $15,000.
SHANGHAI U9 GAME CO.,LTD:Beijing-based wholly owned subsidiary establishment of a Shanghai-based wholly owned subsidiary, which is engaged in investment business.The new subsidiary is capitalized at 30 mln yuan.