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.
Ms. Kelly Fung of Porda International (Finance) P.R. Group, +86-10-3150-6763, or kelly@pordafinance.com.hk; Ms. Kate Lam of Porda International (Finance) P.R. Group, +86-10-3150-6738, or kate@pordafinance.com.hk; Ms. Joey Lam of Porda International (Finance) P.R. Group, +86-10-3150-6753, or joey@pordafinance.com.hk; Ms. Heather Chu of Porda International (Finance) P.R. Group, +86-10-3150-6739, or fax, +86-10-3150-6728, or heather@pordafinace.com.hk
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