Foreign media reported yesterday, Shanda Interactive Entertainment Limited has accepted the company's Chairman and Chief Executive Officer Chen Tianqiao, proposal, the proposal on the valuation of approximately US $ 2.3 billion of Shanda Interactive Entertainment. This means that the first listed online games company Shanda networking, or went to the United States will say goodbye to the NASDAQ. Grand mother company is Chen Tianqiao,, and its wife Lu lush (Grand non-implementation directors) Replica Cartier and brothers Chen da-Nian (Grand of Chief operations official and directors) common has of a British Virgin Islands commercial company, Replica Cartier common has company issued out shares of about 69.7%. October in mid-, Grand network mother company open proposed to each unit Replica Cartier 41.35 dollars of price full acquisition they has not been holds of company remaining United States save supporting stock (ADS), more the unit then of price premium 24%. It was reported that Chen Tianqiao, and others formed a trading entity, to raise the funds by JPMorgan borrowed money to. the deal is expected early next year for the first
Quarter complete. the deal is still pending shareholders vote. Shanda Interactive Entertainment Board had formed a Special Committee of independent directors to evaluate the deal. Since the beginning of this year, there Celine Bags are a number of Chinese companies have been announcing on the NASDAQ stock market to buy back shares plan. perfect world plan in Celine Bags March 2011, ADS;2011 years of buy-backs totalling 100 million dollars in September, ctrip announced buy back us $ 15 million ADS. Analysts Celine Bags pointed out that lower valuations or Grand China concept stocks, such as one reason for delisting. because of Chinese enterprises by foreign investors don't understand that many concepts in China-related shares long-term doldrums, trading is not active, and some foreign institutions are summarized in the shorting of stocks under huge pressure. (Trainee journalist Wu di)-related news, "light" Thanksgiving in the influence of almost pressure decline thanks to the Thanksgiving holiday, trading this week New York light, overall
Fall trend. China concept stocks under pressure this week fell, 25th NASDAQ China Index closed at 150.11, full week by 6.5%. Perfect world (PWRD) third-quarter earnings released this week showed that because of the increased spending, perfect world 33% net profit fell to $. Switzerland Credit released reports maintain stocks of the perfect world "neutral" rating, but cut its price target from $ 21.3 per cent to us $ 17.1. E-House China (EJ) third-quarter earnings released this week showed that 23% e-House China revenues rose to $, but a net loss of $ 425.6 million, compared with net income of $ 9.6 million. Yingli Green energy in third-quarter earnings released this week showed that the company's net revenues of us $ 667.7 million, net loss of us $ 28.3 million. Phoenix new media third-quarter earnings
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