Century Jiayuan Update Prospectus: Change subsidiary holding Agreement
Source: Internet
Author: User
Century Jia Yuan after the change of the subsidiary holding structure May 11 Evening news, the domestic marriage and love web site century Jiayuan (nasdaq:date) updated the prospectus this evening, the domestic business of the subsidiary holding structure to revise, will be signed with the Beijing edge of the holding agreement transferred to the Shanghai margin Company. Century Jiayuan plans us time to list on Nasdaq today. According to the latest information from the Securities and Exchange Commission, Century Jiayuan has just submitted its latest prospectus revision. Century Jiayuan disclosed in this document, has been revised to expand the domestic business subsidiary holding structure. Century Jia Yuan prior disclosure of information, its business in China, one of the two major subsidiaries of Beijing Edge Information Technology Co., Ltd. (Beijing margin) failed to obtain the approval of the State administration of foreign Exchange registration certificate, This led to the failure of the century to complete the first capital contribution of RMB 990,000 to Beijing in accordance with Chinese law before April 25, 2011. According to the latest changes in information, Century Jiayuan has been signed with the Beijing margin of the transfer of the holding agreement to the Shanghai margin. This means that even if Beijing's margin of business license fails, it will not affect the company's equity structure. Previously disclosed information showed that, according to the United States accounting standards, the Century Jiayuan 2008 to 20,103 years of net income of 27.6 million yuan, 63.9 million yuan and 167.6 million yuan (about 25.4 million U.S. dollars) respectively. Net profits for the same period were RMB 13.9 million, 5.7 million and 16.7 million yuan (about 2.5 million USD). (Shu Shi)
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