Perfect World controlling shareholder reduces share pledge

Perfect World's controlling shareholder Perfect World Holdings Group released 34.6 million shares from pledge with Guotai Haitong Securities, representing 7.99% of its holdings.

The company concurrently pledged 19.4 million new shares with the same securities firm for debt repayment purposes, representing 4.48% of its holdings.

The controlling shareholder now has 71.3 million total pledged shares, accounting for 11.36% of its combined holdings.