Giant network Rose 12.64%, reported 11.41 dollars

Giant Network (NASDAQ:GA) shares surged 12% per cent in the Monday U.S. stocks trading. To close, the giant network Rose 12.64%, reported 11.41 U.S. dollars.

November 7, Beijing time, the giant network released the fiscal year ended September 30 in the third quarter of 2013 unaudited earnings. The report shows that the giant network in the third quarter of 2013 fiscal year net revenue of 590 million yuan (about 96.4 million U.S. dollars), than the last quarter of the renminbi 588.1 million yuan growth of 0.3%, compared with the same period last year 543.2 million yuan growth 8.6% The net profit attributable to the shareholders of the company is 355.8 million yuan (about 58.1 million U.S. dollars), down 3.2% from the 367.6 million yuan in the previous quarter, and 311.7 million yuan in the same period last year.

On the night of November 25 in Beijing, the giant network announced a privatisation offer, including the company chairman Shi Yuzhu, and a subsidiary of Baring Private Equity Asia, which valued $2.95 billion.