You win one, you lose one: Animoca welcomes a new big investor, farewells another
Animoca Brands has gained a Hong Kong investor as a substantial shareholder, and lost one from Geneva.
Swiss-based Startive Ventures is no longer a major player on the app game maker’s (ASX:AB1) register, after being diluted by the issue of new shares.
They now own just under 5 per cent of Animoca, the substantial shareholder threshold, and have been an investor in the company since 2016.
But joining the bigger players is Hong Kong investor Katherine Ching Yip, who last night revealed a hand holding 7.7 per cent.
Ms Yip bought $4.14m of stock, to lift her 1 per cent stake.
She appeared on the top 20 shareholder list in the annual report issued in March last year.
Ms Yip is a Hong Kong based investor who has founded several tech and investment companies and runs one called Touchmedia, which specialises in gaming.
The investment was made in her own name.
After a difficult period, Animoca (ASX:AB1) has become one of the ASX’s best performing small cap tech stocks with its focus on massively popular games like Crypto Kitties and blockchain games.
Animoca shares rose 2 per cent to 9.1c.