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Spearhead Integrated Marketing Communication Group Co Ltd Completes Share Issuance for Equity Acquisition


Thursday, 10 Oct 2013 08:00pm EDT 

Spearhead Integrated Marketing Communication Group Co Ltd announced that it has completed the issuance of 16,616,355 shares in total for acquisition of a 49% stake in Shanghai Eastide Advertising Communication Co., Ltd. from a Shanghai-based investment company, a 49% stake in another Shanghai-based advertising company from Sun Gaofa, as well as a 70% stake in MeiyiMedia from Wang Lifeng and Hu Wei. The Company is currently holding 100% stake in the two advertising companies and 70% stake in MeiyiMedia. As a result, the Company's top shareholder is holding 34.25% stake (58,872,951 shares) down from 37.92% stake (58,872,951 shares), and the Shanghai-based investment company is holding 4.99% stake (8,573,043 shares) in the Company. 

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