BEIJING, July 28, 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, at an
extraordinary general meeting held today, the Company's
shareholders voted in favor of the proposal to authorize and
approve the previously announced agreement and plan of merger dated
April 26, 2015 (the "Merger
Agreement"), among the Company, Perfect Peony Holding Company
Limited ("Parent") and Perfect World Merger Company Limited
("Merger Sub"), pursuant to which, Merger Sub will be merged with
and into the Company with the Company continuing as the surviving
corporation and becoming a wholly owned subsidiary of Parent (the
"Merger"), and the plan of merger required to be filed with the
Registrar of Companies of the Cayman
Islands (the "Plan of Merger") and the transactions
contemplated thereby, including the Merger.
Approximately 98.0% of the total votes voted in person or by
proxy at today's meeting were in favor of the proposal to authorize
and approve the Merger Agreement, the Plan of Merger and the
transactions contemplated thereby, including the Merger.
Completion of the Merger is subject to the satisfaction or
waiver of the conditions set forth in the Merger Agreement.
The Company will work with various other parties to the
Merger Agreement to satisfy all other conditions precedent to the
Merger set forth in the Merger Agreement and complete the Merger as
quickly as possible. If and when completed, the Merger would
result in the Company becoming a privately held company and its
American depositary shares, each representing five class B ordinary
shares of the Company, would no longer be listed on the NASDAQ
Global Select Market.
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 client-based online PC games: "Perfect
World," "Legend of Martial Arts,"
"Perfect World II," "Zhu Xian," "Chi
Bi," "Hot Dance Party," "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;" and a number of web games and mobile games, such as
"Return of the Condor Heroes," "Forsaken World," "CrossGate
Mobile," "Forever Mars," "Dawn after Dark," "Swordsman Mobile" and
"Saint Seiya Mobile." Perfect World has also obtained
exclusive rights to operate "DOTA2" in mainland China. 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
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "if," "will," "expected," and
similar statements. Forward-looking statements involve inherent
risks, uncertainties and assumptions. Risks, uncertainties and
assumptions include: the possibility that debt financing may not be
available; the possibility that various closing conditions for the
transaction may not be satisfied or waived; and other risks and
uncertainties discussed in the Schedule 13E-3 transaction
statement, the proxy statement and other documents filed with the
U.S. Securities Exchange Commission by the Company. These
forward-looking statements reflect the Company's expectations as of
the date of this press release. You should not rely upon
these forward-looking statements as predictions of future events.
The Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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
SOURCE Perfect World Co., Ltd.