Shanda Games received 1.9 billion dollar privatisation offer 5 share hope benefit

Securities Times Network (www.stcn.com) January 28 News of Shanda Game shares 27th night, Shanda announced that it has received a consortium led by the controlling shareholder of the privatisation offer, the price of 1.9 billion U.S. dollars. At this time the Royal network (Shanda Game parent) announced the commencement of privatization, separated by 2 years 3 months. Benefited from this news, as of the closing grand game share price rose 15.04%, reported 6.50 U.S. dollars. Last November, Shanda's rival Giants network Group also received a privatisation offer from its chairman, Shi Yuzhu, to value 2.8 billion of billions of dollars. Grand Games in a statement said the Grand Interactive Entertainment Co., Ltd. and Investment company, a subsidiary of Chun Hua Capital, a total of 76.2% of grand game shares. Grand Interactive Entertainment is the parent company of Shanda Games. The two companies offered to buy all ads for Shanda games at $6.9 a share (US depository shares), 22% higher than the Friday closing price of Shanda games. The statement said the Shanda Gaming board is reviewing the privatisation offer and will set up a special committee of independent directors to evaluate and negotiate. The company will also consider "other strategic options". In the A-share market, the listed companies to invest in the Guangzhou Wolf flag and the grand cooperation "Voldemort"; Shanghai Grand new Venture Investment Management Co., Ltd. holds the new World 21.8281 million shares; In addition, the green Bao, shun net technology, palm Fun technology are all the concept of hand tour.