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Perfect World Clarifies Recent Comments from CEO

Posted on 2009-01-16 by adminNo comments


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PRNewswire-Asia/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ('Perfect World' or the 'Company'), a leading online game developer and operator in China, would like to clarify recent comments made by Mr. Michael Chi, Chairman and Chief Executive Officer, at the Annual China Game Industry Conference in Qingdao on Thursday. In several media reports, it was mentioned that Mr. Chi is considering vacating his position as CEO as early as 2010. To clarify, Mr. Chi has no intention to step down as CEO of the Company. Rather, as Perfect World continues to rapidly expand, Mr. Chi believes that there is much opportunity for other executives to step up and take an even greater role in running the Company. This would allow Mr. Chi, as CEO, to spend more time on corporate strategy.
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Perfect World CEO May Vacate Post Before 2010

Posted on 2009-01-15 by adminNo comments


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Perfect World (Nasdaq:PWRD), a Beijing-based online game company, founder Michael Chi said he will consider giving up his post as CEO before next year to give other talented employees space and opportunity, reports Sina quoting Chi from the China Game Industry Annual Conference in Qingdao on Thursday. Chi, also company chairman, took over as CEO before Perfect World went public in July 2007.

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Perfect World Partners with CJ Internet Again to License ‘Zhu Xian’ in South Korea

Posted on 2009-01-09 by adminNo comments


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BEIJING, Jan. 8 /PRNewswire-Asia/ -- Perfect World Co., Ltd. (Nasdaq: PWRD) ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that it recently signed an agreement with CJ Internet Corporation (KOSDAQ: 037150) ("CJ Internet") to license "Zhu Xian," the 3D massive multiplayer online role-playing game (MMORPG), in South Korea. This is the second time Perfect World has cooperated with CJ Internet. "Zhu Xian," which is based on a popular Internet fantasy martial arts novel of the same name, has been well-received by online game players both in China and overseas because of its creative designs and high quality imagery. Presently, Perfect World has already licensed "Zhu Xian" in Malaysia, Singapore, Thailand, Vietnam, Taiwan, Hong Kong, Macao, Japan and the Philippines, besides South Korea. Of the cooperation with Perfect World, Mr. Young-jong Jung, Chief Executive Officer of CJ Internet said, "We are pleased to cooperate with Perfect World again to bring another high quality Chinese online game to Korean game players following the launch of 'Perfect World II.' I believe 'Zhu Xian' will become popular in South Korea because it has an appealing theme, attractive designs, quality graphics and elements of Chinese culture. Given the solid performance of 'Perfect World II,' I believe 'Zhu Xian' will be a success in South Korea."
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Perfect World Upgraded to NASDAQ Global Select Market

Posted on 2009-01-04 by adminNo comments


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Perfect World Co., Ltd. ("Perfect World" or the "Company"), a leading online game developer and operator in China, today announced that its shares will be listed on the NASDAQ Global Select Market effective January 2, 2009.

"We are very gratified that, as a result of an annual review by NASDAQ, our shares will soon trade on the top-tier of the NASDAQ stock market," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "This achievement is a significant milestone for our Company, and we view this as a testament to our financial strength and future growth prospects. In these very challenging times, we are more than ever committed to strong corporate governance and working very hard to continue to create shareholder value."

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UPDATE 1-Perfect World to buy back shares from stakeholder

Posted on 2008-12-30 by adminNo comments


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Chinese online-game developer Perfect World Co Ltd (PWRD.O) agreed to buy back about 18.8 million Class A shares from its shareholder SB Asia Investment Fund II and its affiliate for about $56.6 million. American Depositary Receipts of the company, which went public in July 2007, rose as much as 8 percent to $16.84 in morning trade on Nasdaq. Each Class A ordinary share is entitled to 10 votes. Perfect World, known for its namesake 3D online game, has massively multiplayer online role playing games (MMORPGs) like "Legend of Martial Arts" and "Perfect World II" in its portfolio.
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