In Friday announced the issuance of 3.44 million shares ads

Summary: View the latest quotes Beijing time March 25 morning news, in Hand Tour (NASDAQ:CMGE) announced in Friday, will be the subsequent public distribution of 3.442 million ads (the United States Depository shares) of the price of 24 U.S. dollars per share, a total of 82.61 million U.S. dollars financing. In hand tour per share ADS representative

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Beijing time March 25 morning news, in Hand Tour (NASDAQ:CMGE) announced in Friday, will be the subsequent public distribution of 3.442 million ads (US depository shares) of the price of 24 U.S. dollars per share, a total of 82.61 million U.S. dollars financing.

In-hand tours per share ads represent 14 shares of Class A common stock with a par value of 0.001 USD per share. The release is expected to be completed by March 26, 2014.

China's hand-travel program uses the proceeds for general corporate purposes, possibly including investment in game development, game acquisitions, intellectual property acquisitions, overseas expansion and operating capital. But the company's management retains discretion and may eventually use the funds for other purposes.

Credit Suisse, Barclays Capital, Jefferies, Nomura and Brean will serve as underwriters for the issue. China tour will also provide underwriters with 30 days of oversubscribed options, allowing them to buy additional 516,300 ads.