Key Developments: Chinanet Online Holdings Inc (CNET.W)
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1 Feb 2013
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Latest Key Developments (Source: Significant Developments)
Chinanet Online Holdings Inc Raises FY 2012 Revenue Guidance
Chinanet Online Holdings Inc raised fiscal 2012 revenue guidance to at least $46 million from $42 million previously provided. Full Article
Chinanet Online Holdings Inc Reaffirms FY 2012 Guidance
Chinanet Online Holdings Inc reaffirmed fiscal 2012 guidance and expects revenues to be at least $42 million and net income of at least $3.1 million. Full Article
Chinanet Online Holdings Inc Announces $1 Million Share Buyback
Chinanet Online Holdings Inc announced that the Company's Board of Directors has authorized the purchase of at least $1 million of the Company's stock over the next twelve months. Repurchases are authorized to be made by the Company from time to time at the prevailing market price on the open market, and/or in negotiated transactions off the market from time to time as market conditions warrant in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended. Shares repurchased will be held in Treasury. Full Article
Chinanet Online Holdings Inc Raises FY 2012 Net Income Guidance
Chinanet Online Holdings Inc raised fiscal 2012 net income guidance to $3.1 million from $2.8 million. Full Article
Chinanet Online Holdings Inc Announces Acquisition of Remaining Equity Interest in Sou Yi Lian Mei Network Technology Limited
Chinanet Online Holdings Inc announced that it will purchase the remaining 49% of the equity interest in Sou Yi Lian Mei Network Technology (Beijing) Co. Ltd. (SouYi) for approximately $6.5 million in cash. The Company will fund the acquisition through cash on hand and operating cash flows. ChinaNet expects the transaction to close by the end of the fourth quarter of 2012. Upon closing, SouYi will become a wholly owned subsidiary of the Company. Full Article
Chinanet Online Holdings Inc Reaffirms FY 2012 Guidance
Chinanet Online Holdings Inc reaffirmed fiscal 2012 guidance and expects revenues to be at least $42 million and net income of at least $2.8 million. Full Article
ChinaNet Online Holdings, Inc. Issues FY 2012 Guidance
ChinaNet Online Holdings, Inc. announced that for fiscal 2012, it expects revenues to be at least $42 million and net income of at least $2.8 million. Full Article
ChinaNet Online Holdings, Inc. Announces Strategic Partnership With China Business Journal
ChinaNet Online Holdings, Inc. announced that it has entered a strategic partnership with China Business Journal. The two firms will cross-promote each other's services across their networks of online and offline assets. In addition, the two companies will conduct joint marketing campaigns to highlight key developments in the franchise industry and SMEs in Greater China. The first campaign, scheduled to occur in the third quarter of 2012, will cover the analysis of SMEs, brand development and marketing, business management of chain stores, sales channel expansion, and establishing franchises in third and fourth tier cities in China. Full Article
ChinaNet Online Holdings, Inc. Announces Partnership With All Chinese Internet Inc. In Taiwan
ChinaNet Online Holdings, Inc. announced that it has entered into a strategic partnership agreement with All Chinese Internet Inc. (1111) to help business owners and entrepreneurs in Taiwan launch operations in mainland China. The partnership started from the beginning of November 2011. Full Article
ChinaNet Online Holdings, Inc. Issues Q3, FY 2011 Guidance Below Analysts' Estimates
ChinaNet Online Holdings, Inc. announced that for the third quarter of 2011, it expects to report net revenue and adjusted net income of at least $6.2 million and $1.0 million respectively. For fiscal 2011, expects revenue of $26.5 to $28.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $13 million and net profit of $4 million for the third quarter of 2011; revenue of $47 million for fiscal 2011. Full Article
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