Tanwan Inc Buys 35% Stake in Perfect World Unit Shanghai Yuelong for RMB15 Million

Reuters02-26
Tanwan Inc Buys 35% Stake in <a href="https://laohu8.com/S/002624">Perfect World</a> Unit Shanghai Yuelong for RMB15 Million

Tanwan Inc. said its PRC operating entity Jiangxi Tanwan Information Technology Co., Ltd. has signed an equity transfer agreement to acquire a 35% stake in Shanghai Yuelong Zhiyu Cultural Technology Co., Ltd., a Perfect World subsidiary, for RMB15 million. Separately, Jiangxi Tanwan entered into agreements under which it will obtain exclusive operation rights for the app version of the mobile game The Demi-Gods and Semi-Devils 2: Flying Dragon Battles against the Heavens, paying Shanghai Yuelong a RMB30 million royalty, with operating gains to be shared between the parties on agreed terms.

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