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Chinese entertainment firm Perfect World to sell two overseas subsidiaries to Swedish game firm Embracer
Perfect World Europe B.V. (PWE B.V.), a wholly-owned subsidiary of Chinese entertainment firm Perfect World Co., Ltd. (002624.SZ), has inked an agreement with Swedish game developer and publisher Embracer Group AB (Embracer) to sell two of its overseas subsidiaries to Embracer, reported Shanghai Securities News Wednesday quoting the company.
Perfect World to see strong Q1 earnings amid epidemic
Perfect World, one of the China's leading companies in entertainment industry, is expected to see its net profit in the first quarter of 2020 reaching 585 million yuan to 635 million yuan, with an increase of 20.4 percent to 30.7 percent year on year.
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