Campbells acted as Cayman Islands and British Virgin Islands legal counsel to FriendTimes Inc. (“FriendTimes”) in connection with its approximately HK$500 million initial public offering and listing of its 2,200,000,000 shares on the Main Board of the Hong Kong Stock Exchange. William Ji & Co. LLP, in association with Tian Yuan Law Firm Hong Kong Office and Tian Yuan Law Firm, acted as Hong Kong legal counsel and PRC legal counsel to FriendTimes, respectively. DLA Piper Hong Kong and Jingtian & Gongcheng acted as Hong Kong legal counsel and PRC legal counsel, respectively, to Guotai Junan Capital Limited (being the sole sponsor) and the underwriters (including Guotai Junan Securities (Hong Kong) Limited and CMB International Capital Limited).
FriendTimes Inc. is a leading integrated and well-established mobile game developer, publisher and operator with particular success in female-oriented mobile games in China, with revenue and net profit in 2018 reaching RMB1,464.3 million and RMB336.7 million respectively. It is the first gaming company with focus on female-oriented mobile games listed on the Hong Kong Stock Exchange.