SMART MONEY GROUP

[~MulaGreen~]

CCIH:Reason for Termination of Deal

https://en.chinacache.com/
https://finviz.com/quote.ashx?t=CCIH

ChinaCache's strategic decision to terminate the Agreement was made in recognition of the perceived value of the assets in light of increasing market demand for Internet data center services, and the belief that Xin Run can effectively be leveraged as part of the Company's offering package to customers, thus better positioning the Company for long-term growth.

Comments from ChinaCache's CEO

Song Wang, Chairman of the Board and Chief Executive Officer (CEO) of ChinaCache, stated that with 10 Internet data centers in Beijing hosting capacity for 12,400 racks, Xin Run is growing quickly and capturing wide-spread demand from government agencies and businesses, including several leading Internet and Cloud service enterprises. Against this backdrop, ChinaCache sees a compelling value proposition as it offers customers total solution services, comprised of Internet data centers, Internet and Cloud exchange centers, and its extensive content delivery network. Wang added that the Company believes this three-layered structured network will provide an integrated and broad-base of operations from which the Company can capitalize on its strengths and deliver sustained shareholder value.

CCHI is Little BIDU in the making!!!
LongTerm Hold
jmhhtto


SS is soooo Thinnny...
ShortPigs are ready to eat their Pants.