June 19 (NBD) -- Chinese online game developer Giant Network Group Co Ltd (Giant Network, 002558.SZ) announced Tuesday the company, along with the affiliated party, will jointly invest a total of 500 million yuan (78 million U.S. dollars) in a sub-subsidiary of Giant Network, seeking opportunities for business expansion and quality investments.

Upon the completion of the deal, Giant Network will hold a 44.91 percent stake in the sub-subsidiary, the affiliated party will hold 54.89 percent and the remaining 0.2 percent will be at the hand of another shareholder.

Email: zhanglingxiao@nbd.com.cn