STOCKHOLM, SWEDEN (23 April, 2018) – Starbreeze joint venture StarVR Corporation’s share is from today traded on TPEx’s Emerging Stocks Board. The share was initially traded at prices from 69-96 TWD (Taiwanese dollars) per share. The total number of shares issued in StarVR Corporation is 48,218,000, of which 3.11 percent has been made available for trading. Starbreeze has not divested shares in connection with the listing, and the shareholding in StarVR Corporation remains at some 33 percent.
StarVR Corporation has applied for and is approved for listing on the TPEx’s Emerging Stocks Board with the first day of trading today, April 23, 2018 under the Chinese name Hongxing Technology Co and stock ticker 6681. Prior to listing, Acer divested 4.69 percent of its shares in StarVR Corporation.
The listing of StarVR Corporation does not affect Starbreeze accounting since the ownership in the joint venture is reported in accordance with the equity method.
See previous press release from StarVR Corporation: https://news.cision.com/starvr/r/starvr-corporation-completes-application-for-public-issuance-in-taiwan–marks-first-step-for-ipo-pro,c2484279
StarVR Corporation was founded as a joint venture between Swedish entertainment content creator, publisher and innovator Starbreeze, and Acer, one of the world’s top ICT companies with a presence in over 160 countries. StarVR Corporation designs, manufactures, promotes, markets and manages sales and support of StarVR solutions to the professional, enterprise, and location-based entertainment market. Headquartered in Taipei, StarVR Corporation also has presence in Los Angeles, Paris and Stockholm.
For more information, please contact:
Ann Charlotte Svensson, Head of Investor Relations and Corporate Communications at Starbreeze
Tel: +46(0)8-202 509, email: email@example.com
This information is such that Starbreeze AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.45 CET on 23 April 2018.
Starbreeze is a global game company whose vision is to be a leading provider in the entertainment industry by creating world-class experiences. Starbreeze was founded in 1998 and has since evolved into a well-established developer and publisher of PC and console games and VR products aimed at the global market. With studios in Stockholm, Paris, Los Angeles, San Francisco, Barcelona, Brussels, Bangalore and Dehradun, Starbreeze develops high-quality entertainment products based on proprietary and third-party rights, both in-house and in partnership with external game developers. Operations are organized in three business areas: Starbreeze Games, Publishing and VR Tech & Operations. Starbreeze shares are listed on Nasdaq Stockholm under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A share) and SE0005992831 (B share). For more information, please visit starbreeze.com