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Giant Privatization

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Giant privatization transaction announced the completion
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Recently, Giant Network has just announced that the company has completed the merger agreement with Giant Merger Limited, a wholly owned subsidiary of Giant Investment Co., Ltd., on March 17, 2014, and the supplemental agreement signed on May 12, 2014. Under the agreement, Giant Investment Co., Ltd. has acquired the giant network for about $ 3 billion in cash. The merger agreement was approved at the extraordinary general meeting on July 14, 2014. Under the agreement, all eligible Giant Network shareholders will receive US $ 12 per common share, or US ADSs per share.

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