CDC Corp. Class A Common (CDCAQ)

[HDOGTX]

Reading 6k, thats what it says!

[MakinBank]

wow!! so 5 days 10.50??

[youroldfriendj]

10.50 buyout?

[HDOGTX]

CDCAQ 10.50 per share

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8039103


The purchase price under the SPA for
the Company’s share holdings of CDC Software is $10.50 per share, in cash, or
approximately $249,788,301. A deposit of 10% of the purchase price, or
$24,978,830.10, will be placed into escrow no later than five business days
following the execution of the SPA (the “Deposit”).

[MrBankRoll]

Is this all that's left of CHINA? Damn...... This thing sure turned out to be an absolute POS!

[MakinBank]

moving today

[precies]

China.com's Parent Internet Company Files For Bankruptcy Protection
October 12, 2011

CDC Corporation, the first Chinese Internet company listed in Nasdaq, has reportedly filed for bankruptcy protection.

The Hong Kong-listed China.com Inc., a subsidiary of CDC Corporation, announced that its website will not be affected by bankruptcy protection of the parent and be operated continually and normally.

CDC said that the company has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Northern District of Georgia. By June 30, 2011, CDC's total assets were USD377.4 million and its debts were USD250.2 million.

Affected by the news, CDC's share price decreased by 52% to USD0.42 on the date of the announcement and the company's stock transaction was then suspended. To date, the share price of CDC has decreased by 88%.

The share price of CDC Software, a U.S.-listed subsidiary of CDC Corporation, also saw a dive of USD1.28 to USD1.77 due to the bankruptcy protection issue.

Founded in June 1997, CDC Corporation was listed on Nasdaq in 1999. From its early days as an Internet pioneer in Asia, the company has grown and evolved into a value-added operator of, and growth investor in, hybrid enterprise software, IT, and new media businesses. It has five departments, providing software, business, online game, application, Internet, and media services. In August 2009, CDC Software was separated from the group and got listed in the U.S.

Zhou Shun'ao, former top executive in the Xinhua News Agency, has now been nominated as independent director and vice chairman of the board of CDC. Zhou will also serve as a member of nominating committee and remuneration committee of CDC. Zhou held the post of vice chairman of the board of CDC and China.com Inc. from 1999 to 2004, and China CEO of CDC from 1999 to 2000.

Related Links:

http://www.china.com

[precies]

CDC May Be Stopped Trading Stocks in Nasdaq
MENAFN - SinoCast - Thursday, October 27, 2011
CDC May Be Stopped Trading Stocks in Nasdaq
BEIJING, Oct 27, 2011 (SinoCast Daily Business Beat via COMTEX) -- CDC Corporation may be stopped trading stocks on the NASDAQ Stock Market, but continue the trading on over-the-counter market. The final decision may be made out after the hearing, according to news on October 27.
Over-the-counter market transaction, i.e. OTC trading, is a kind of stock trading happened between securities firms or between securities firms and clients in fixed places outside stock exchanges, and traded targets include registered
stocks and unlisted stocks.
Source: www.sina.com.cn (October 27, 2011)
Copyright 2008 SinoCast Daily Business Beat.