BEIJING, Jan. 9, 2015 /PRNewswire/ -- Perfect World Co.,
Ltd. (NASDAQ: PWRD) ("Perfect World" or the "Company"), a leading
online game developer and operator based in China, today announced that the special
committee (the "Special Committee") of the Company's board of
directors (the "Board") has retained China Renaissance Securities
(Hong Kong) Limited and Duff &
Phelps (Duff & Phelps, LLC and Duff & Phelps Securities,
LLC) as its financial advisors and Skadden, Arps, Slate, Meagher
& Flom LLP as its legal counsel in connection with its review
and evaluation of the preliminary non-binding proposal letter dated
December 31, 2014 from Mr.
Michael Yufeng Chi, the Company's
founder and chairman of the Board, to acquire all of the
outstanding shares of Perfect World not currently owned by him in a
going private transaction (the "Proposal"). In addition, the
Company has retained Paul Hastings LLP as its legal counsel in
connection with the potential going private transaction
contemplated by the Proposal.
Perfect World's Board cautions the Company's shareholders and
others considering trading in its securities that no decisions have
been made by the Special Committee with respect to Perfect World's
response to the Proposal. There can be no assurance that any
definitive offer will be made, that any agreement will be executed
or that this or any other transaction will be approved or
consummated.
About Perfect World Co., Ltd.
(http://www.pwrd.com)
Perfect World Co., Ltd. (NASDAQ: PWRD) is a leading online game
developer and operator based in China. Perfect World
primarily develops online games based on proprietary game engines
and game development platforms. Perfect World's strong
technology and creative game design capabilities, combined with
extensive knowledge and experiences in the online game market,
enable it to frequently and promptly introduce popular games
designed to cater changing customer preferences and market
trends. Perfect World's current portfolio of self-developed
online games includes massively multiplayer online role playing
games ("MMORPGs"): "Perfect World," "Legend of Martial Arts," "Perfect World II," "Zhu Xian,"
"Chi Bi," "Pocketpet Journey West,"
"Battle of the Immortals," "Fantasy Zhu Xian," "Forsaken World,"
"Empire of the Immortals," "Return of the Condor Heroes," "Saint
Seiya Online," "Swordsman Online," "Holy King" and "Legend of the
Condor Heroes;" an online casual game: "Hot Dance Party;" and a
number of web games and mobile games. While a majority of the
revenues are generated in China,
Perfect World operates its games in North
America, Europe,
Japan, Korea and Southeast Asia through its own
subsidiaries. Perfect World's games have also been licensed
to leading game operators in a number of countries and regions in
Asia, Latin America, and the Russian Federation and other Russian speaking
territories. Perfect World intends to continue to explore new
and innovative business models and is committed to maximizing
shareholder value over time.
Safe Harbor Statements
Certain statements contained in this announcement may be viewed
as "forward-looking statements" within the meaning of Section 27A
of the U.S. Securities Act of 1933, as amended, and Section 21E of
the U.S. Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
performance, financial condition or results of operations of the
Company to be materially different from any future performance,
financial condition or results of operations implied by such
forward-looking statements. The accuracy of these statements may be
impacted by a number of business risks and uncertainties that could
cause actual results to differ materially from those projected or
anticipated. The Company undertakes no ongoing obligation, other
than that imposed by law, to update these statements.
For further information, please contact
Perfect World Co., Ltd.
Vivien Wang -- Vice President, Capital Market &
Corporate Communications
Tel: +86-10-5780-5700
Fax: +86-10-5780-5713
Email: ir@pwrd.com
http://www.pwrd.com
Christensen Investor Relations
Patty Bruner
Tel: +1-480-614-3036
Fax: +1-480-614-3033
Email: pbruner@christensenir.com
Jung Chang
Tel: +852-2117-0861
Fax: +852-2117-0869
Email: jchang@christensenir.com
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SOURCE Perfect World Co., Ltd.