Perfect World scores $900m buyout loan

US-listed Chinese gaming company reaches definitive agreement to be taken private in a transaction funded by China Merchants and Wing Lung.

Perfect World scores $900m buyout loan

Chinese online gaming company Perfect World’s management buyout will be funded by a $900 million committed loan facility arranged by China Merchants Bank and Wing Lung Bank, according to a company release.

The company is being taken private by Perfect Peony, a company owned by Perfect World founder and chairman Michael Yufeng Chi and Perfect World Merger Company, a wholly owned subsidiary of Perfect World.

Chi submitted a non-binding proposal on December...

To continue reading, please login or register for free

Click for more on: acquisition | chinese | perfect world

Print Edition

FinanceAsia Print Edition

CONFERENCES