CDC Corp Announces Software IPO Plans

May 5, 2009 | Print | Email Email | Comments | Category: Business, Software





    China-based CDC Corporation has officially announced plans to launch an initial public offering for its enterprise software subsidiary.

    CDC Software Corporation, an indirect wholly-owned subsidiary of CDC Corporation that develops and distributes enterprise software, has submitted a registration statement to the U.S. Securities and Exchange Commission for an initial public offering of up to USD80 million aggregate principal amount of Class A Ordinary Shares.

    The company states that the purpose of the offering is to allow CDC Software to more clearly differentiate its line of business from CDC Corporation and provide a more targeted investment vehicle for investors seeking to invest only in the enterprise software portion of CDC Corporation's diverse businesses.

    In addition, as CDC Software has primarily focused its efforts over the last year on improvement of key operating metrics and the strategic realignment of its operations, the offering is also intended to more-fully capitalize CDC Software, allowing it to expand sales channels, fund research and development activities and pursue its acquisition strategy.

    Related Links:

    Find more stories about: , , ,

    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Soufun.com Announces Expansion Plan
  • China To Invest In Linux-Based Software Industry
  • China Daily Information Corp. Partners with X3D Technologies Corp.
  • Telecom Merger Report Denied
  • Paystone Technologies Corp. Announces a $9 Million Joint Venture in China for the Deployment of Its Online Payment Solution
  • Symbio Group Announces Unveils Hangzhou Software Park Plans
  • KT Corp Exports Broadband Internet To China
  • AsiaInfo Signs e-HR Contract With Dalian Port Corp
  • BEA Systems Establishes R&D Center In China
  • Microsoft Seals SaaS Agreement With CDC Corp



    • 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