GCL announces majority stake acquisition of Singapore-based mobile games studio goGame

SINGAPORE (June 1, 2020) – Grand Centrex Limited (GCL) today announced an agreement to acquire a majority stake in Go Game Pte Ltd (goGame), a leading independent mobile game development studio in Singapore. goGame brings an experienced pool of talent in mobile games publishing services and development, with original titles featuring popular branded properties such as Nickelodeon Pixel Town and Adventure Time Heroes on the Apple iOS and Google Android platforms. It has also played key development roles in more than 50 mobile game titles published by global entertainment brands. Financial details are not disclosed.

“The goGame team, led by industry veteran David Ng, has successfully helped international brands to translate their entertainment properties to mobile successes in Asia,” said Choo See Wee, Chairman of GCL. “Having them as part of GCL will accelerate our position the regional powerhouse in games and interactive entertainment.”

goGame is GCL’s first large acquisition after Choo consolidated his video games distribution giant Epicsoft Asia Pte Ltd under the GCL umbrella in 2018. This agreement also follows GCL’s 2018 establishment of Titan Digital Media Pte Ltd, an influencer and digital marketing agency co-owned and managed by Tan Jian Hao, Singapore’s top YouTube creator.

Choo continued, “The added technical and publishing expertise of goGame, combined with the distribution strength of Epicsoft Asia and creative talent of Titan Digital Media, will help to drive GCL’s strategy to generate value for investors and own a stake in the mobile games industry, from helping our partners build their IP, to marketing, distribution and sales both on retail and digital channels. Our aim is to become an Asian powerhouse in delivering top selling, high quality games across smart devices, consoles, PC and streaming platforms.”

About Game Centrex Limited (GCL)

Grand Centrex Limited (GCL), headquartered in Singapore, is the parent company of Epicsoft Asia, Titan Digital Media and goGame, which collectively provide an entire stack of services and reach, enabling creators to deliver fun experiences to the fast-growing market of Asian gamers. With a presence in 7 countries and a 250-strong team, GCL's companies connect with developers, publishers and brand owners to establish entertainment properties with consumers in the region.

More about GCL can be found on its website www.gcl.asia

About Go Game Pte Ltd (goGame)

Go Game Pte Ltd (goGame) is a mobile game publisher headquartered in Singapore, with offices in Malaysia, Philippines, Taiwan, Thailand, Vietnam and Indonesia. Founded in July 2015 by industry veteran David Ng, the company first made headlines for securing major investments from gaming giant SEGA and venture capitalist Incubate Fund Japan. Today, goGame is a 160-strong team collaborating on projects with SEGA, Disney and Colopl.

Visit goGame on the web at www.gogame.net.

For enquiries, please contact: keith@gcl.asia