Chinese media and media outlets announced yesterday that the two sides have signed a share purchase agreement

Source: Internet
Author: User
Keywords Announced
Tags company exchange market media media company media outlets media shares sign

Absrtact: Beijing Time December 31 news, because announced with the media to sign the share purchase agreement, the domestic outdoor media company, Chinese media shares in Thursday in the Nasdaq stock exchange market rose 20.67%.

Beijing Time December 31 news, because announced with the media to sign the share purchase agreement, the domestic outdoor media company, Chinese media shares in Thursday in the Nasdaq stock market rose 20.67%.

Thursday China View Media Stock Trend Chart

Chinese media and media outlets announced yesterday that the two sides have signed an equity purchase agreement. According to the agreement, the media will be 3.979 U.S. dollars per share of the price (equivalent to each U.S. depository Unit (ADS) 3.979 U.S. dollars), subscribe to the Chinese media, the new issue of about 15.33 million common shares, subscription price of about 61 million U.S. dollars.

In addition, the panel chairman Jason has the entity JJ Media Investment LC 2¥q ("JJ media"), with the Chinese media CEO Li Limin beneficially owned entity front lead Investments 2¥q (" Front Lead "(collectively" investor "), will also be priced at USD 3.979 per share (equivalent to $3.979 per US depository share), each subscription to the new 1,022,087 shares of Chinese media, each of the total subscription price is about 4 million U.S. dollars.

The deal is expected to be completed by early January 2011. After the completion of the transaction, Lee Li-owned entity Frontlead will still be the largest shareholder of China's media, holding 17.2% of the release of the foreign shares of China media. The media will hold about 15% per cent of the shares issued by the Chinese media, while Jjmedia will hold 1% per cent of the shares issued by the Chinese media.

China's media share price rose 20.67% in Thursday, at $4.67. In the past 52 weeks, China saw the media as the lowest share price of 2.51 U.S. dollars, the highest of 11.85 U.S. dollars.

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.