Edition:
United States

Sina announces details of distribution of Weibo shares


Thursday, 8 Jun 2017 08:30am EDT 

June 8 (Reuters) - Sina Corp :Sina announces details of distribution of weibo shares.Sina Corp -based on 71.4 million ordinary shares of sina outstanding as of june 7, sina will distribute 7.1 million class a shares of weibo to sina shareholders.Sina - following distribution of weibo shares, co's equity stake in weibo will decrease from approximately 49% to approximately 46%.