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BRIEF-Aristeia Capital nominates two independent candidates for election to Sina's board
September 18, 2017 / 11:57 PM / a month ago

BRIEF-Aristeia Capital nominates two independent candidates for election to Sina's board

Sept 18 (Reuters) - Aristeia Capital -

* Owning about 3 million shares of Sina issued statement on decision to nominate two independent candidates for election to Sina’s board

* Says governance issues diminished shareholder value, contributed to Sina overlooking available paths to close its “massive” valuation gap

* While Sina’s share price appreciated over recent term, believe that performance is attributable “solely to Weibo’s share price rise”

* No of beneficial strategies for closing Sina’s valuation discount including complete split-off of Weibo shares to Sina shareholders

* Strategies for closing Sina’s valuation discount inclue sale of Sina to acceptable buyer or reverse merger where Weibo buys Sina Source text for Eikon: Further company coverage:

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