Ourpalm (SZ: 300315), an A-share gaming company, invested a total of 2.55 billion yuan ($416.51 million) to acquire a 100% stake in Playcrab (1.74 billion yuan) and a 70% stake in Shanggame (814 million yuan) via cash payment and private placement after three months of suspension (report in Chinese). The company’s flagship games are Kung Fu mobile game Big Head and Ninja, a strategic mobile game. Playcrab promised that the company’s net profit for 2013 to 2016 will reach 120 million, 160 million, 200 million and 240 million yuan, respectively. Shanggame pledged that its net profit for the same period will reach 75 million, 125 million, 156 million and 190 million, respectively. This move comes on heel of Ourpalm’s acquisition of another game company Dovo Technology Inc. with 810 million yuan at early July.