Kingsoft subscribe Century Internet $172 million shares accounted for 12.68%
[TechWeb] reported on December 1st news, Kingsoft announced that it will pay $172 million for the century Internet A, class B shares, class A shares of approximately 39 million 100 thousand shares, B shares of approximately 18 million 300 thousand shares, the shareholding ratio reached 12.68%.
according to the announcement, if the vianet shareholding structure since the purchase agreement date to the end date no further changes (except in accordance with the purchase agreement the agreement), then Kingsoft will end by King Venture Century Internet holdings accounted for about 12.68% of the total number of ordinary shares, and accounted for vianet any general meeting about the right to vote 22.67%. Century Internet will not become the company’s Affiliated Companies. (rain)
Kingsoft software is the official website of the full text of the announcement:
board of directors announced that the company’s wholly owned Affiliated Companies King Venture in November 29, 2014 with the Internet and the founder of the parties entered into a purchase agreement. According to the purchase agreement, vianet agreed to King Venture and King Venture issued and allotted, agreed to purchase and subscription of 39087125 shares of class A shares and 18250268 class B shares from the Internet century, the total purchase price of $172012179.
The assumption of
Century Internet equity structure is the purchase agreement date to the end date will be no further changes (except in accordance with the purchase agreement the agreement), then the company will end through King Venture holds 39087125 shares of class A shares and 18250268 class B shares, accounting for vianet issued ordinary shares of approximately 12.68% of the total, and accounted for a century the Internet at any general meeting to vote about 22.67%. Century Internet will not become the company’s Affiliated Companies.
due to the highest applicable percentage of purchase agreement rate (as defined in the Listing Rules) more than 5% but less than 25%, according to the Listing Rules of the fourteenth chapter, the purchase agreement and the transactions contemplated under the company a Discloseable Transaction, subject to reporting and announcement requirements. Can be exempted from compliance with the provisions of shareholder approval.