Northern, WI  1/9/2012  (Streetbeat)  --  According to an Invest ide.cn article  stating " At present, and the United States government's regulatory agencies and the judiciary have also launched the "Beijing Perfect World Network Technology Co., Ltd." and Michael Chi, Chairman and General Manager of a full investigation." related to Perfect World (Nasdaq:PWRD)

The article goes on to say.." Chi Yufeng not been publicly disclosed and the "Chi Chu network" relationship between the interests of Chi Yufeng, and "Perfect World" has never been to the U.S. SEC, the board of directors of listed companies and public disclosure of all the shareholders and the "wisdom beads network" relationship, and deliberately concealed "Chi Chu network" rights relationship.

Third, the "wisdom beads Network" and "Perfect World" related party transactions between the Chi Yufeng, the use of his position several times higher than the market price, the "perfect world" network information service delivery and "Chi Chu network", the amount each year tens of millions of dollars, to the detriment of the "perfect world" interests of shareholders way to make the "wisdom beads Network" and the Chi Yufeng, I profit.

Fourth, Chi Yufeng, the use of his position, the acquisition premium "Chi Chu network" 20% of the equity June 1, 2010, without the approval of the Board of Directors resolution, Chi Yufeng, the use of his position, signed it to 27 million yuan buying the "wisdom beads Network" and 20% of the shares.  And completion of the transaction more than a month before and Marsh (Marsh, MA Shi (Beijing) Risk Management Consulting Co., Ltd. signed a trust agreement, to "accounting consultation and evaluation report" substitute "the company's assets assessment report", nor to all shareholders and disclosure of relevant regulatory authorities for more information.

Fifth, Chi Yufeng, steering control, "Perfect World" Board members have a perfect world, all controlled by the manipulation of Chi Yufeng, it is not an independent board of directors..

The Invest ide.cn article can be viewed here

Full Streetbeat.com Disclaimer

Distributed by Viestly

This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.