Another internet company that has privatized in China

The media announced today that the Board had received a joint initiative of Jason such as chairman of the Board, such as the privatization price of $27 per ADS and 5.40 USD per share. Shanhairong, media vice president, said in an interview with the Chinese media that privatization could help the company achieve longer-term and lasting development.

Shanhairong says privatization gives the company ample time and capacity to think and implement more long-term strategic planning to achieve longer-term and sustainable development for the company. The reason for this privatization is that the Chinese concept stocks in the U.S. market continues to slump, while the company in the future hope to be able to do more strategic innovation and investment.

Huaxing Capital CEO Baofan said that the decision of the public to privatize must be a long time, I believe that after the city will be more powerful points. At the same time, Hong Kong will become the best listing for Chinese companies.

The media will become after Alibaba, Shanda, the domestic and a privatization of internet companies.