Sanrio Digital has a related party ownership with Animoca Brands, wherein Mr Yat Siu, the chairman of Animoca Brands, holds indirect ownership of 33.6% in the sellers, which in turn collectively own 100% of Sanrio Digital. The acquisition by Animoca Brands of Mr Siu’s ownership stake is therefore subject to approval by the shareholders of Animoca Brands; such approval will be sought by the Company at the next Annual General Meeting expected to be held as soon as practicable.
Taken from the recent announcement this paragraph indicates that there is a AGM on the horizon at which, they will have to table some financial details of the companies activities. So instead of pulling conspiracy theories out of thin air why don't we concentrate on the AGM.
The one thing that I have learnt from the journey with this crowd that Yat is always willing to pay well for digital licences and according to the announcement Sanrio had 40 of them. This is a similar acquisition to that of Quidd, and several others which am too lazy to look into.
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Corporate Update: acquisitions of Helix Accelerator and Sanrio Digital; Q1 capital raise, page-17
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