Subscribe to AfterDawn's weekly newsletter.
NetDragon Buys Back 15,975,000 Shares
HONG KONG, February 25 /PRNewswire/ --
-- Brilliant Prospects and Enhanced ROE --
The PRC's leading game developer and operator NetDragon Websoft Inc.
("NetDragon" or the "Company," with its subsidiary collectively the "Group";
Stock Code: 8288.HK) announces that it repurchased 15,975,000 shares in its
capital in 16 rounds from 18 December 2007 to 19 February 2008. The price
paid by the Group was approximately HK$195,000,000 in total, or between
HK$11.04 and HK$14.48 per share.
Mr. Liu Dejian, Chairman and Executive Director of NetDragon, said, "We
repurchased our shares time and again, reflecting our complete confidence in
NetDragon's future prospects. We also aim to enhance our returns on equity
(ROE) to reward our shareholders for their long-term support. In light of the
ongoing growth of our business, and taking into account the interests of our
shareholders, the Group will not rule out the possibility of making further
buybacks where appropriate."
Background information on NetDragon Websoft Inc.
NetDragon Websoft Inc. is one of the leading online game developers and
operators in the PRC. The Group's portfolio consists of a range of MMORPGs
(Massively Multiplayer Online Role-Playing Games) that cater to various types
of players and gaming preferences. The Group has successfully developed and
marketed many popular online games in various styles, with its current
offerings including the games Eudemons Online, Conquer Online, Zero Online,
Tou Ming Zhuang Online, Monster & Me, and Era of Faith. These games have also
been offered in various languages including English, French and Spanish to
diversify the player base for revenue generation. The Group has three
developing games in the pipeline, namely Happiness Q, Piao Miao Online, and
Heroes of Might and Magic Online. NetDragon was listed on the GEM board of
the Stock Exchange of Hong Kong on 2 November 2007 (Stock Code: 8288.HK).
Issued by Porda International (Finance) PR Group for and on behalf of
NetDragon Websoft Inc.
