(AOF) – The Board of Directors of Bigben Interactive proposes to its shareholders, during the annual general meeting convened for July 21, 2023, to approve the distribution of a dividend in kind in the form of Nacon shares up to one Nacon share for five Bigben Interactive shares held. This distribution of dividend in kind of Nacon shares will be paid on July 28, 2023. The Nacon shares thus distributed would represent approximately 4.25% of the capital and voting rights of the latter.
Following this operation, Bigben Interactive would retain around 60.87% of the share capital and 71.48% of Nacon’s voting rights.
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Historical decline of the Chinese market
This year, the Chinese market, the world’s largest ahead of that of the United States, should register a decline of 2.5% compared to 2021 (to 45.44 billion dollars), according to the research firm Niko Partners. This trend is due to the 5.1% decline in the mobile segment, which represents almost two-thirds of the market, due to the limitation of playing games for those under 18 years old. At the same time, the authorities did not issue any authorization for the release of Chinese video games for a period of 263 days. Mobile titles also suffer from Apple’s mechanism – App Tracking Transparency (ATT) – which restricts advertising targeting within applications downloaded from its App Store. However, the decline in the Chinese market should be temporary. By 2026, the number of players should cross the 750 million mark for a sector then weighing more than 53 billion dollars.