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Animoca Brands enters trading halt pending details on proposed transaction

The company recently launched the mobile game Crazy Defense Heroes in the Google Play Store globally.

ASX boards
Crazy Defense Heroes is the sequel to Crazy Kings

Animoca Brands Corporation Ltd (ASX:AB1) has been granted a trading halt by the ASX pending the release of information regarding a proposed transaction. 

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading on Thursday 27 June 2019.

READ: Animoca Brands launches Android version of mobile game Crazy Defense Heroes

The company recently launched the mobile game Crazy Defense Heroes in the Google Play Store globally.

Crazy Defense Heroes is the sequel to Crazy Kings, both games achieving success generating $2.8 million in revenue in the first three months since the January 2018 launch.

The launch follows an initial early access phase where Crazy Defense Heroes was featured worldwide on Google Play’s Early Access platform.

Quick facts: Animoca Brands Corporation Ltd

Price: 0.18 AUD

ASX:AB1
Market: ASX
Market Cap: $161.37 m
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