Abelco is currently the 2nd largest SH of ICI (after Fatfish & before Animoca), holding about 18% after the CR, & this is what the CEO of Abelco (which is publicly listed in Sweden) had to say about RightBridge & iCandy in his end-of-year letter. it's a Google translation from Swedish:
https://twitter.com/abelco_se/status/1473580099287101441notes: 178M SEK is 27M didgeridoos, & ICI owns ~22% of RightBridge which is a stake currently valued at AU$5.94M!
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RightBridge VenturesAs previously communicated, RightBridge is a company we have been involved in founding and which has gone from a valuation of SEK 0.5M to 178.4M in the most recent transaction.
RightBridge has had an eventful six months, with acquisitions and preparations for one potential future listing, which is a stated goal of the company's management and board. RightBridge has internally completed the process of registering the shares at Euroclear, elected Grant Thornton as auditor for the company and most recently also appointed Amudova as Certified Advisor.
The RightBridge portfolio company also continues to develop and take several steps forward and there the company increased its stake in Lilmix, which also had several players represented Sweden in the e-sports WC and salvaged a gold in the total. Under it over the past month, RightBridge has gained a strategic investor with solid experience in successful listings, gaming and e-sports, RightBridge also has acquired approximately 90% of the shares in the international e-sports organization and academy Team Singularity. RightBridge Ventures faces an interesting future with a potential listing which will continue to create value for our shareholders together with the increasing growth in the company that comes through various transactions and acquisitions."
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iCandyiCandy's last six months have been impressive with the acquisition of shares in Mighty Kingdom, a major acquisition of all shares in Lemon Sky Studios and the company initiated a repurchase program of its ordinary shares. The share price has also turned upwards then bottom during the summer. The game Claw Stars that iCandy released this summer has showed a good retention rate with revenues of about AUD 300,000 during the first 14 days, which exceeds the previous hit game Masketeers by AUD 35,000 during the same period. The game has also been well received by the market with over 50,000 4- and 5-star reviews on Google Play and the Appstore and won Google Play Best Game of 2021 in the Pick Up & Play category.
The big event for iCandy during the half year is the acquisition as well the capital raising that took place in connection with the company acquiring all of them shares of Lemon Sky Studios, which now forms the largest gaming company on ASX.
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