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GLO advises Perfect World on its acquisitions of two leading Chinese gaming portals TGBus.com and PTBus.com
2013-11-28

On November 12, 2013, Perfect World, a Nasdaq listed company, entered into definitive agreements to acquire 100% equity interest in Wuhu Huitian Shengshi Network Technology Co., Ltd. (“Wuhu Huitian”) for approximately RMB255 million and a minority interest in Beijing Shouyou Daqu Technology Co., Ltd. (“Daqu”) from Beijing Huitian Shengshi Technology Co., Ltd. for approximately RMB40 million. Wuhu Huitian and Daqu run TGBus.com and PTBus.com, two leading Chinese gaming portals, respectively.

 

Acted as the PRC legal counsel to Perfect World, Global Law Office rendered full range of legal services in connection with this transaction. Global’s team was led by our partner Mr. Tao Zhang and counsel Ms. Qiang Sun.