China friend Century officially renamed Cool 6 Media Wu as Chairman

Yesterday, China friends of the listed company formally announced that the Chinese friends of the century officially renamed Cool 6 media (Ku6media), the stock code also changed from Hurray to KUTV, since August 17, 2010, cool 6 of the stock will be in the Nasdaq Global market to KUTV for the code transactions. At the same time, also announced Guanghei immediately resigned as acting chief executive, Cool 6 Media founder Shanyou will be listed company Cool 6 Media new CEO, and Wu will replace Chen as Cool 6 media chairman. This means that after a two-month delivery period, cool 6 media has been officially listed in the United States Nasdaq, the world's first private video site listing.

Announcement Disclosure, Shanda Network chairman Chen will no longer serve as the listed company Cool 6 Media chairman, media tycoon, friends of the Independent director Wu will take Chen Baton, as Cool 6 media chairman. The outgoing Chen flyover will serve as chairman of the new remuneration committee and the Corporate Development and Finance Committee of the Board of Trustees. In addition, Chen and Guanghei will continue to serve as directors of the company.

Wu is also the co-founder and chairman of the Sun Media Holdings Group, China's largest private holding media group.

Internet analyst Jie pointed out that the new company's English name Ku6media as well as the stock code KUTV can be seen, cool 6 media will take the route of video media. Among the existing members of the board of Directors, Wu, with rich media experience and capital relations, will play a positive role in promoting the new listed companies.

Ecapital Capital CEO ran pointed out that cool 6 media as China's first independent listed video company, will have plenty of cash. In the future, if Cool 6 media shares continue to be depressed, then its competitors are also difficult to successfully listed, which is called sniper; conversely, if Youku and Tudou successfully listed, then cool 6 media shares will also be higher, the grand also can get rich returns, this is called sharing.