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In-hand tour will be the subsequent public distribution of 3.442 million shares of ads for the price of 24 U.S. dollars per share

Source: Internet
Author: User
Keywords Ads in hand tour additional
Tags class common stock development distribution financing game game development operating
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China 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.

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