Perfect World Buys Back Stock From Shareholder
Stock quotes in this article:
PWRD
NEW YORK (AP) Perfect World Co., a Chinese online game developer and operator, said Monday it agreed to buy about 1.2 million Class A and about 11.3 million Class B shares for $52.4 million.
Perfect World is buying the shares from SB Asia Investment Fund II LP. The fund had invested in the company's Series A convertible preferred shares before Perfect World's initial public offering. At the time of the company's 2007 IPO, the shares converted into Class A shares and some further converted into Class B shares. The company's American depositary shares, each of which represents five Class B shares, closed Friday at $21.19.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
|
|
DOWN
18.90
|
UP
0.38
|
UP
9.22
|
UP
0.48
|
10 Yr
3.32%
SPDR Gold
119.18
|
|
-0.18%
|
+0.03%
|
+0.42%
|
+1.47%
|
Data delayed 20 minutes |
