NET Qin announced today the offer of privatisation

Summary: View the latest quotes Beijing time July 30 Evening News, the Network Qin (NYSE:NQ) announced today, the company's board of directors has received from the Buffalo Capital Holdings (Bison) of the non-binding privatisation offer, the latter plan to each share of the United States Depository Shares (ADS) 9.80 U.S. dollars View the latest quotes

Beijing time July 30 Evening News, the Network Qin (NYSE:NQ) announced today, the company's board of directors has been received from the Buffalo Capital Holdings (Bison) of the non-binding privatisation offer, the latter plan for each share of the U.S. Depository Share (ADS) 9.80 of billions of dollars in cash to buy NetQin all the outside stock and ads. Network Qin ads for each share of 5 common shares.

The Board is currently assessing the privatization proposal, and may therefore hire an independent advisory body, including independent financial advisers, to help the board assess the offer. At present, the NetQin board has not yet made any decision on the privatization proposal, nor is there any guarantee that any deal will eventually be reached. (Li Ming)