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If you purchased shares of Perfect World Co., Ltd. (ADR) (NASDAQ: PWRD) and currently hold those NASDAQ: PWRD shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
San Diego, Jan. 12, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Perfect World Co., Ltd. (ADR) (NASDAQ:PWRD) over potential securities laws violations by certain officers and directors at Perfect World Co., Ltd. was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Perfect World Co., Ltd. (NASDAQ: PWRD) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements Perfect Worlds business, its prospects and its operations were potentially materially false and misleading at the time they were made.
Perfect World Co., Ltd. reported that its annual Revenue surged from $689.12million for 07 to $2.47billion in 2010 and that its Net Income over the same time periods rose from $360.21million for 2007 to $840.70million for 2010.
NASDAQ: PWRD ADRs traded during 2009 increased during 2009 from as low as $10.86 to as high as $46.69 per shares. However since then NASDAQ: PWRD stocks traded in 2011 not higher than $27.17 on April 29, 2011.
Then on September 15, 2011, Perfect World Co., Ltd. (NASDAQ: PWRD) announced that it has updated its revenue guidance for the third quarter of 2011. Perfect World said that it had cut its quarterly outlook by $8.5 million.
NASDAQ: PWRD ADRs dropped from almost $22 in late August 2011 to almost $11 at the end of September 2011.
Then on November 21, 2011 Perfect World Co., Ltd. (ADR) announced its third quarter 2011 unaudited financial results and issued its fourth quarter 2011 revenue guidance.
On November 22, 2011, NASDAQ: PWRD ADRs dropped to $9.73 per share.
Then NASDAQ: PWRD dropped from $12 per share on January 6 to $8.81 on January 9, 2012 after a Chinese finance website published a story alleging that Perfect World Co., Ltd is under investigation by Chinese and U.S. regulators in connection with related party transactions made by the Company founder and CEO.
