Perfect World Pictures Co., Ltd (002624.SZ) announced on late Wednesday that it would inject 12 billion yuan to purchase Perfect World Co. Ltd. (PWRD.NASDAQ), which was controlled by Chi Yufeng.
Meanwhile, the company plans to issue 614 million A-shares via private placement to raise a maximum of 5 billion yuan for investment in TV series and movies and R&D in online games. The company has suspended its A-share trading.
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