Posts Tagged ‘shareholder’

Shareholder Disputes Settled For Chinese Media Firm

Chinese multi-platform media company SearchMedia Holdings Limited says it has reached settlement agreements for the arbitration between the company and certain of its predecessor shareholders. The arbitration was filed between SearchMedia Holdings Limited versus two groups composed first of settling defendants China Seed Ventures, LP; Qinying Liu; Deutsche Bank AG Hong Kong Branch; and Le […]

The9 Announces Poison Pill Plan

Chinese online game developer and operator The9 (NCTY) has announced that to protect the interests and rights of the company and its shareholders, its board of directors has approved a poison pill plan against hostile takeover.

TPV Technology Group Acquires Exclusive Rights To Philips’ Monitor Business

Chinese monitor maker TPV Technology Group has announced plans to invest no more than USD15.4 million to acquire the exclusive rights of Philips’ computer monitor business for five years.

Shanda Increases Share Repurchase Plan

Chinese online game developer Shanda (SNDA) has expanded the aggregate dollar value of outstanding shares and may repurchase under its current share repurchase program from USD200 million to USD300 million.

Perfect World Buys Back Shares

Chinese online game developer Perfect World (PWRD) will repurchase 18,750,000 shares of its Class A ordinary shares for approximately USD56.6 million from SB Asia Investment Fund II, L.P., and an affiliate of SAIF.

China’s Aims To Dissolve Its Internet Connection

Chinese Internet search engine (BIDU) held its annual general meeting on Tuesday and the company approved dropping part of its Internet moniker.

China Netcom Delisting From Two Markets On October 15

China Netcom has released a report that after the completion of the merger with China Unicom, the company will be delisted from Hong Kong Exchanges and Clearing Limited and New York Stock Exchange on October 15, 2008.

Share Repurchase Program Initiated By Focus Media

China’s Focus Media (FMCN) says its board of directors has approved a share repurchase program to repurchase up to USD100 million worth of its issued and outstanding American depositary shares.

Asia Media CEO Resigns After Accusations Of Embezzling Company Assets

Cui Jianping, founder and CEO of Asia Media Company Limited, the first Chinese company listed on the Tokyo Stock Exchange Market in Japan, has resigned, after taking the blame for embezzling the company’s funds. Wants To Buy Parent’s Cheap Stock

CDC Corporation’s (CHINA) subsidiary has filed an announcement with the Hong Kong GEM Market to get approval from its independent shareholders to purchase up to US$10 million of CDC Corporation’s stock, which has plummeted about 60% over the last year.