China Architectural Engineering, Inc. (“CAE” or the “Company”) (Nasdaq: CAEI), a provider of design, engineering, fabrication and installation services of high-end building envelope systems, today announced that the Company has completed its acquisition of 60% ownership of Shanghai ConnGame Network Ltd. (“ConnGame”), an MMORPG (Massively Multiplayer Online Role Playing Game) developer and operator, in exchange for 25 million shares of the Company’s common stock. Details of the acquisition of ConnGame was conducted through the acquisition of a 60% ownership in New Crown Technology, Inc., ConnGame’s 100% parent.
The acquisition strengthens the Company’s business model by diversifying their revenue stream, and more importantly, capturing China’s large and rapidly growing online game market.
The news were positively reflected in the market with shares up 11.68% (0.7594 
0.0794 -Vol 531,113 – 12:28PM EDT)