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Rumor: Ourgame Completes Management Buyout

Sina Tech, 12/22/10

An industry source revealed today that Wu Guoliang, CEO of Chinese online game operator Ourgame, announced at the company's annual meeting that Ourgame had finished its management buyout (MBO) on December 8, buying back all the shares previously held by SeaRainbow Holding Corporation (000503.SZ) and Korean gaming company NHN, making Ourgame a wholly domestically owned enterprise once again. Read More