Key Developments: Linktone Ltd (LTON.W)
3.45USD
17 Jun 2013
$-0.21 (-5.74%)
$3.66
$3.45
$3.45
$3.45
100
68
$4.43
$1.40
Latest Key Developments (Source: Significant Developments)
Linktone Ltd Issues Q2 2013 Revenue Guidance
Linktone Ltd announced that for the second quarter of 2013, it anticipates gross revenues to be in the range of $10-$12 million. Full Article
Linktone Ltd Issues Q1 2013 Revenue Guidance
Linktone Ltd announced that for the first quarter of 2013, it anticipates gross revenues to be in the range of $10-$12 million. Full Article
Linktone Ltd Announces USD8 Million Share Repurchase Program
Linktone Ltd announced that its Board of Directors has authorized the repurchase of up to USD8 million worth of outstanding American Depositary Shares, or ADSs, over approximately the next six months, from time to time, in open-market purchases at prevailing market prices pursuant to a trading plan established under Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, or the Exchange Act. The timing and extent of any purchases will be subject to the parameters specified in the Rule 10b5-1 trading plan and depend on a number of factors including the price and availability of the Company's ADSs. The trading plan may be suspended or discontinued at any time, without prior notice. In addition, repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The Company will finance the repurchase with existing cash reserves and cash generated from operations. Full Article
Linktone Ltd Issues Q4 2012 Revenue Guidance
Linktone Ltd announced that for the fourth quarter of 2012, it expects revenues to be in the range of $12-$14 million. Full Article
Linktone Ltd Issues Q3 2012 Revenue Guidance
Linktone Ltd announced that for the third quarter of 2012, it anticipates gross revenues to be in the range of $12 million to $14 million. Full Article
Linktone Ltd Acquires Online News And Information Portal Okezone.com; Announces Completion of Incorporation of Indonesian Media Distribution Company
Linktone Ltd announced the acquisition of Okezone.com (www.okezone.com), a Bahasa Indonesian online portal focused on delivering breaking news, as well as entertainment, information and video content. With a staff of over 100 reporters and editors, Okezone.com provides real-time coverage of major events. Linktone acquired Okezone.com from PT Media Nusantara Citra Tbk (MNC), Linktone's indirect majority shareholder. Terms of the deal were not disclosed. In addition, Linktone completed the incorporation of PT InnoForm in Indonesia, which will focus on media content distribution services. PT Innoform, a variable interest entity (VIE) controlled by a subsidiary of Linktone, will distribute a variety of media content throughout Indonesia, across all platforms including free and pay TV, online, home video and cinema. In addition, this VIE will facilitate distribution of MNC-owned content and pay TV channels to markets outside Indonesia. Full Article
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