The perfect world to sell all the Grand game shares held

Beijing time September 3 Morning News, The Perfect World (NSADAQ:PWRD) announced today that the company has reached a final agreement that will sell all 30,326,005 shares of its previously purchased Grand Games (Nasdaq:game) Class A common stock.

Under the agreement, the perfect world would sell the shares to the Shanghai Acquisition Equity Investment Fund (full-circle buyout Fund L.P), a third party unrelated to the perfect world. The total price of the transaction is USD 104,624,717 and is expected to be completed within 30 days.

In addition, the perfect world has announced an agreement to withdraw from a consortium previously joined. Shanda Network and Chun Hua capital on January 27, 2014 on the privatization of Shanda Games signed a consortium agreement, and the Perfect World is based on the consortium's agreement under a subsidiary agreement to join the consortium.

Starting September 1, 2014, the perfect world will no longer be a member of the consortium. (PEI)