Axion Ventures Inc. cancelled the transaction announced on July 30, 2020

Axion Ventures Inc. is a Canada-based investment company. The Company is focused primarily on investments in online video gaming and other information technology sectors. It also maintains holdings in other technology companies. The Company has investments in Axion Games Limited (Axion Games), which is an online video game development and publishing company. Axion Games owns two studios in People's Republic of China (PRC), one in Shanghai and a smaller one in Suzhou. Axion Games focuses on providing outsourcing services and licensing game development technology to third-party customers. Axion Games has made three commercially viable games, Fat Princess (Sony PS3, action strategy), MARS (PC online shooting), and Kingdom (mobile action role playing). It also has investment in True Axion Interactive Ltd. (TAI), which is a video game development company. TAI has focused its resources on the development of online PC and mobile games, with a focus on mobile games.