Chinese multi-platform media company SearchMedia Holdings Limited says it has reached settlement agreements for the arbitration between the company and certain of its predecessor shareholders.

Hong Kong's PCCW has held a much-publicized special shareholders meeting at which 75% present shareholders approved the buyout offer led by chairman Richard Li at the price of HKD4.5 per share, involving totally HKD15.9 billion.

Chinese online game developer and operator The9 (NCTY) has announced that to protect the interests and rights of the company and its shareholders, its board of directors has approved a poison pill plan against hostile takeover.

Chinese monitor maker TPV Technology Group has announced plans to invest no more than USD15.4 million to acquire the exclusive rights of Philips' computer monitor business for five years.

Chinese online game developer Shanda (SNDA) has expanded the aggregate dollar value of outstanding shares and may repurchase under its current share repurchase program from USD200 million to USD300 million.

Chinese online game developer Perfect World (PWRD) will repurchase 18,750,000 shares of its Class A ordinary shares for approximately USD56.6 million from SB Asia Investment Fund II, L.P., and an affiliate of SAIF.

Chinese Internet search engine Baidu.com (BIDU) held its annual general meeting on Tuesday and the company approved dropping part of its Internet moniker.

China Netcom has released a report that after the completion of the merger with China Unicom, the company will be delisted from Hong Kong Exchanges and Clearing Limited and New York Stock Exchange on October 15, 2008.

China's Focus Media (FMCN) says its board of directors has approved a share repurchase program to repurchase up to USD100 million worth of its issued and outstanding American depositary shares.

Cui Jianping, founder and CEO of Asia Media Company Limited, the first Chinese company listed on the Tokyo Stock Exchange Market in Japan, has resigned, after taking the blame for embezzling the company's funds.

CDC Corporation's (CHINA) subsidiary China.com has filed an announcement with the Hong Kong GEM Market to get approval from its independent shareholders to purchase up to US$10 million of CDC Corporation’s stock, which has plummeted about 60% over the last year.