Shandong Hongda (Simplified: 山东宏达矿业股份有限公司; Traditional: 山東宏達礦業股份有限公司; Pinyin: Shāndōng hóngdá kuàngyè gǔfèn yǒuxiàn gōngsī; SHA:600532) is a Chinese construction and mining company that is looking to own the majority share of Jagex. With the recent decline in the iron ore mining industry, Shandong Hongda has sought to expand its investments, by purchasing Jagex shares for $300,000,000 USD in March 2016.
Employees of Shandong Hongda formed Fukong Interactive Entertainment which in 2016 bought all investments from Insight Venture Partners, The Raine Group and Spectrum Equity Investors for a 100% stake in Jagex for $300,000,000 USD.
References[edit | edit source]
- ^ http://www.eurogamer.net/articles/2016-03-15-chinese-mining-company-buys-runescape-dev-for-usd300m-report
- ^ Eurogamer. Chinese mining company buys Runescape dev for $300m - report. (Archived from the original on 15 March 2016.)
- ^ Venture Beat. RuneScape creator Jagex is now part of a new Chinese games company. (Archived from the original on 5 June 2021.)
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