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NetDragon Websoft Inc Updates On Proposed Spin Off And Mobile Internet Business On The Growth Enterprise Market Of The Stock Exchange Of Hong Kong Limited

Wednesday, 6 Feb 2013 07:00pm EST 

NetDragon Websoft Inc announced with reference to the announcement made earlier, in relation to, inter alia, the Proposed Spin-off and the separate listing (the Listing) of the mobile Internet business of the Company and its subsidiaries (the Group) on the Growth Enterprise Market of the Stock Exchange. The Company submitted a spin-off proposal (the Spin-off Proposal) to the Stock Exchange pursuant to PN15. On February 06, 2013, the Stock Exchange has confirmed that the Company may proceed with the Proposed Spin-off, subject to the condition that the Group’s audited financial information for the year ended December 31, 2012 will not significantly differ from the Group’s unaudited financial information to the extent that the remaining Group (i.e. the Group excluding the group of companies engaging in the mobile Internet business) cannot meet the minimum profit requirement under Rule 8.05 of the Listing Rules. 

Company Quote

28 Jan 2015