Ourgame International Holdings Ltd (HK:6899) has released an update.
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Ourgame International Holdings Ltd has terminated a Share Purchase Agreement with a Strategic Investor, resulting in the return of previously issued shares and the forgiveness of a remaining purchase price in exchange for a cash payment of $2 million. The company’s board is also assessing the implications of potential changes to control in Allied Gaming & Entertainment Inc. following amendments to its bylaws and will continue to suspend trading pending further announcements. Shareholders are advised to exercise caution in their dealings.
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