NetDragon Websoft agrees to acquire 51% of Jiuzhou Culture Media for 50 million HKD
- 51% stake acquired for HKD 50 million in cash
- Jiuzhou contributes Harness system IP and assets
- NetDragon appoints 3 of 5 board seats and chairs the board
- NetDragon issues 25 million non-listed warrants to Jiuzhou (three tranches) at HKD 10/12/15
- joint venture 2–3 year term and remains a NetDragon subsidiary under consolidation