Shanda Games' Subsidiary Actoz Hits Historical High in Market Capitalization
HONG KONG, Jan. 15, 2013
HONG KONG, Jan. 15, 2013 /PRNewswire/ -- Shanda Games Limited (NASDAQ: GAME,
"Shanda Games"), a leading online game developer, operator and publisher in
China, announced today that its subsidiary, Actoz Soft (KOSDAQ: 052790.KQ),
has reached a share price of over KRW50,000, marking a milestone for the
company and a historical high in market capitalization of over 400 million US
During the trading session on January 14, 2013, the share price of Actoz
increased 14.1% to close at KRW52,500, a record high over the past three-year
period, surpassing the previous high of KRW46,900 set on September 24, 2012.
"We are delighted that the share price of Actoz has reached a record high,"
said Mr. Xiangdong Zhang, Chief Executive Officer of Shanda Games. "We
believe it reflects the strength of recent progress by Actoz's mobile games in
Korea. We willcontinue to enrich our mobile game portfolio and dedicate our
efforts to further developing our business in both Korea and China to continue
maximizing shareholder value in the future."
As of September 30, 2012, Shanda Games owns 4,795,954 shares of Actoz,
equivalent to 51.2% of Actoz's total shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Statements in this announcement that are not
historical facts, represent only the Company's current expectations,
assumptions, estimates and projections and are forward-looking statements.
These forward-looking statements involve various risks and uncertainties.
Important risks and uncertainties that could cause the Company's actual
results to be materially different from expectations include but are not
limited to the risks set forth in the Company's filings with the U.S.
Securities and Exchange Commission, including the Company's annual report on
Form 20-F. The Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
About Shanda Games
Shanda Games Limited (Nasdaq: GAME) is a leading online game developer,
operator and publisher in China. Shanda Games offers a diversified game
portfolio, which includes some of the most popular massively multiplayer
online role-playing games (MMORPGs) and advanced casual games in China,
targeting a large and diverse community of users. Shanda Games manages and
operates online games that are developed in-house, co-developed with
world-leading game developers, acquired through investments or licensed from
third parties. For more information about Shanda Games, please visit
Actoz Soft Co., Ltd. (Kosdaq: 052790.KQ) is a leading developer, operator and
publisher of online games. Actoz holds co-copyrights to several of the
leading online games in China, including Mir II and Mir III. Actoz has also
licensed online games to other markets, including Europe, Japan, India,
Thailand, Singapore, Malaysia and Taiwan. In addition, Actoz develops online
games and operates certain online games in its home market of Korea. For more
information about Actoz, please visit http://www.actoz.com.
Shanda Games Limited:
Ellen Chiu, Investor Relations Director
Maggie Zhou, Investor Relations Associate Director
Phone: +86-21-5050-4740 (Shanghai)
Phone: +86-10-5826-4939 (China)
Phone: +1-480-614-3004 (U.S.A.)
SOURCE Shanda Games Limited
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