Quantum Solutions scraps game IP acquisition

Quantum Solutions announced the termination of its asset transfer agreement to acquire the "GYEE" game IP, previously disclosed on April 25, 2025. The decision, made by the board of directors, was driven by concerns regarding the accounting treatment of the IP as an intangible asset, following internal reviews and discussions with its auditors. The auditors indicated the view that "GYEE", despite generating monthly profit, could be categorised as R&D and therefore should not be accounted for as intangible asset. The company has decided to avoid expensing the cost, a change of heart. The asset transfer agreement will be revived in its original form. Quantum Solutions confirmed the termination will not impact the company's first quarter or full-year earnings for fiscal year 2026.