The Digital Source For China's Tech Innovation Since 2000

Search
Close

Shanda Sells Sliver Of Sina.com Stake

November 7, 2006
Internet

Shanda (SNDA) has entered into an agreement with Citigroup Global Markets for the sale by Shanda of an aggregate of 3,703,487 ordinary shares of Sina.com (SINA).

In accordance with U.S. securities laws, Shanda will promptly file with the U.S. Securities and Exchange Commission an amendment to its statement of beneficial ownership on Schedule 13D reporting the transaction and disclosing certain other matters required to be reported on the Schedule 13D.

This sale represents an aggregate net proceeds of approximately US$99,105,312. The sale of the Sina shares is expected to be completed on or about November 9, 2006.

Following the sale, Shanda will continue to hold 6,118,278 Sina shares, representing approximately 11.4% of the issued and outstanding share capital of Sina based on information furnished by Sina in their public filings.

Tags: agreement | capital | Citigroup | commission | Securities and Exchange Commission | Shanda | share | shares | Sina | SNDA | U.S.

Other Related News:

Guinness Atkinson Asset Management Inc Has $7.89 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

August 22, 2021

Lucent Technologies Awarded $350+ Million China Contracts

January 14, 2004

'Spy chief of China' laptop recording sheds light on Hunter Biden's overseas business

May 31, 2022

Price T Rowe Associates Inc. MD Reduces Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) WKRB News

November 5, 2021

Blog: Chinese Online Broker Shares Drop After Criticism From Central Bank – The Wall Street Journal

October 29, 2021

KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Shares Bought by Pariax LLC The Cerbat Gem

July 9, 2022

Baidu Shows Impressive Quarterly Growth

April 27, 2007

Short Interest in China Online Education Group (NYSE:COE) Grows By 228.0% WKRB News

March 3, 2022

Vestor Capital LLC Reduces Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

February 11, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....