News and Events

Kunlun completes delivery procedures and officially consolidates financial statement with Opera

2021-01-13 16:31:00

On the evening of January 13, 2021, Kunlun (300418) disclosed an announcement stating that Kunlun Tech Limited, a wholly-owned subsidiary of Kunlun, purchased 8.47% of Opera's outstanding shares in cash, and both parties of the transaction completed the transaction agreement. According to the agreed delivery procedures, Kunlun maintains now a 53.88% stake in Opera, and Opera became the wholly-owned holding subsidiary of Kunlun

According to reports, as of the third quarter of 2020, Opera’s total assets were US$1.089 billion. In 2018, 2019, and January-June 2020, Opera’s main business revenues were US$170.62 million, US$208.41 million and US$89.81 million, respectively. The net contribution of the main business was 120.43 million U.S. dollars, 99.92 million U.S. dollars and 42.29 million U.S. dollars, respectively.

After the completion of most recent purchase, Opera will be included in the scope of Kunlun’s consolidated financial statements, which will have a certain impact on Kunlun's current financial status, profitability and various financial indicators. Kunlun’s global platform strategy has officially unfolded and taken off. The company now has global browser and news distribution platform services in addition to its original game and social media services, the product matrix has been further enriched.