by AF 1221 g3 — December 23, 2009—China Architectural Engineering, Inc. (CAE), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, has signed a letter of intent to acquire 60 percent ownership in Shanghai ConnGame, a massively multiplayer online role-playing game (MMORPG) game developer and operator.
“While at first glance CAE and ConnGame may appear to share few common grounds,” commented Mr. Ken Yi Luo, Chairman and Chief Executive Officer of China Architectural Engineering, “we expect the acquisition of ConnGame will further expand CAE’s core capabilities and accelerate our planned transformation into a high-end architectural design consultant and service provider, as we intend to leverage ConnGame’s robust design engines and virtual applications to broaden our service capabilities and scope of architectural collaborations.
“We envision utilizing ConnGame’s cutting-edge technology and innovative online platform to provide technical consulting and advisory services to architects, real estate developers and governments. We view CAE as prominent architectural engineers of physical landmarks and ConnGame as innovative architects of digital engines and creators of iconic virtual worlds. We believe our acquisition of ConnGame will enable CAE to not only continue to take greater advantage of our core architectural engineering and design market but also China’s large and rapidly growing online game market.”
For more information, see the CAE Web site.
