December 15, 2009 (FinancialWire) — China Architectural Engineering, Inc. (NASDAQ: CAEI), a firm engaged in the design, engineering, fabrication and installation of high-end building envelope systems, said it has signed a letter of intent to acquire 60% ownership in Shanghai ConnGame, a game developer and operator in exchange for 25 million shares of the company’s common stock.

ConnGame develops and operates “massively multiplayer” online role-playing games based on iconic Chinese characters and nostalgic epochs.

China Architectural said it believe the acquisition of ConnGame will enable CAE to not only continue to take greater advantage of its core architectural engineering and design market but also China’s large and rapidly growing online game market.

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