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Perfect World to Invest 500 Million Yuan in Venture Capital Fund

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Perfect World (SHE:002624) will invest 500 million yuan to purchase shares and become a limited partner in a new venture capital fund, according to a Wednesday filing with the Shenzhen bourse.

The listed company intends to acquire a 14.2857% stake in the Shenzhen Smart Lunar Landing No. 2 Venture Capital Enterprise fund but will not have control over the fund.

The fund will invest in unlisted companies and undertake enterprise management consulting, among others.

Shenzhen Jizhi Equity Investment and Shenzhen Qianhai Infrastructure Investment Fund Management are the general partners, holding 0.0571% and 0.0286%, respectively.

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