Neusoft's Share Deal Approved In China

December 27, 2007 | Print | Email Email | Comments | Category: Software



    Shenyang Neusoft Company, a subsidiary of Chinese software firm Neusoft Group Ltd., says its share-swap merger plan with Neusoft Group Ltd. was approved by the Restructuring Committee under the China Securities Regulatory Commission.

    Dr. Liu Jiren, chairman of Neusoft Co., Ltd. and chairman and CEO of Neusoft Group Ltd., states that the upcoming overall listing will be a milestone in Neusoft's history and have a far-reaching influence on its growth. The overall listing will help Neusoft further enhance its company-wide governance.

    Neusoft Co., Ltd. has currently a capital stock of CNY280 million, among which, 50.30% is held by the holding shareholder, Neusoft Group Ltd. Based on the merger plan, Neusoft Co., Ltd. is to exchange its shares with Neusoft Group Ltd. at a ratio of 1:3.5 to complete the merger. Neusoft's total capital stock will rise up to CNY520 million after such a merger.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Privatization Of PCCW Approved By Shareholders
  • Netease Wants More Shares Back
  • Netease Approves New Share Repurchase Program
  • Netease Wants Its Shares Back
  • Shenzhen Approves More Internet Cafes
  • Foreign Companies Must Face The Music With New Chinese Internet Measures
  • Suning Suspends Equity Incentive Plan
  • Merger With China Netcom Approved By China Unicom's Shareholders
  • Giant Interactive To Repurchase USD150 Million Shares
  • Acer's Acquisition Of iGware Approved By FTC In Taiwan



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR