BEIJING, Nov. 20, 2020 /PRNewswire/ — SINA Corporation (the “Company” or “SINA”) (Nasdaq: SINA), a major on the net media firm serving China and the world Chinese communities, right now introduced that it has named an remarkable standard assembly of shareholders (the “EGM”), to be held at 10:00 a.m. Beijing Time on December 23, 2020, at Home Beijing, 1/F SINA Plaza No. 8 Courtyard 10 West, Xibeiwang East Road, Haidian District, Beijing 100193, People’s Republic of China, to contemplate and vote on, amid other matters, the proposal to authorize and approve the previously announced settlement and approach of merger (the “Merger Agreement”) dated September 28, 2020 by and involving New Wave Holdings Constrained (“Parent”), New Wave Mergersub Restricted, a wholly owned subsidiary of Father or mother (“Merger Sub”) and the Corporation, the plan of merger necessary to be filed with the Registrar of Providers of the Cayman Islands in relationship with the merger (the “Plan of Merger”) and the transactions contemplated thus, which include the merger.
Pursuant to the Merger Settlement and the Strategy of Merger, at the powerful time of the merger, Merger Sub will merge with and into the Firm, with the Enterprise continuing as the surviving corporation and turning out to be a wholly owned subsidiary of Mum or dad. If done, the merger will end result in the Enterprise turning into a privately held organization and its normal shares (“Ordinary Shares”) will no for a longer period be outlined on the NASDAQ Inventory Current market LLC. In addition, the Everyday Shares will cease to be registered underneath Part 12 of the Securities Trade Act of 1934.
The board of administrators of the Company, acting upon the unanimous recommendation of the particular committee of the board of administrators of the Firm comprised solely of unbiased administrators unaffiliated with the consumer functions, accepted the Merger Arrangement, the Prepare of Merger and the consummation of the transactions contemplated therefore, like the merger, and solved to endorse that the Company’s shareholders vote FOR, amid other items, the proposal to authorize and approve the Merger Arrangement, the Program of Merger, and the consummation of the transactions contemplated therefore, such as the merger.
Shareholders of file as of the near of business enterprise in the Cayman Islands on November 20, 2020 will be entitled to go to and vote at the EGM.
Supplemental info pertaining to the EGM and the Merger Arrangement can be located in the transaction assertion on Agenda 13E-3 and the proxy assertion connected as Show (a)-(1) thereto, as amended, submitted with the U.S. Securities and Exchange Commission (“SEC”), which can be attained, along with other filings made up of info about the Organization, the proposed merger and connected matters, with no cost, from the SEC’s website ( http://www.sec.gov ). In addition, the Company’s proxy elements (including the definitive proxy statement) will be mailed to the Company’s shareholders.
SHAREHOLDERS ARE URGED TO Browse Meticulously AND IN THEIR ENTIRETY THESE Resources AND OTHER Materials Filed WITH OR FURNISHED TO THE SEC WHEN THEY Turn into Available, AS THEY WILL Contain Significant Info ABOUT THE Company, THE PROPOSED MERGER AND Relevant Issues.
The Firm and specific of its administrators and government officers may, underneath SEC principles, be deemed to be “participants” in the solicitation of proxies from the shareholders with respect to the proposed merger. Data regarding the persons who may be regarded as “participants” in the solicitation of proxies is set forth in the Schedule 13E-3 transaction assertion relating to the proposed merger and the definitive proxy assertion attached thereto. More information and facts relating to individuals who may be considered individuals, which include any direct or oblique pursuits they may possibly have, is also established forth in the definitive proxy statement.
This announcement is for facts uses only and does not represent an present to purchase or the solicitation of an offer to provide any securities or a solicitation of any proxy, vote or acceptance with respect to the proposed transaction or or else, nor shall it be a substitute for any proxy assertion or other supplies that have been or will be filed with or furnished to the SEC.
SINA is a foremost on the web media firm serving China and the world-wide Chinese communities. Its digital media network of SINA.com (portal), SINA cell (mobile portal and cell applications) and Weibo (social media) enables world-wide-web people to access professional media and user created information in multi-media formats from individual computers and cellular gadgets and share their pursuits with pals and acquaintances.
SINA.com offers distinct and qualified experienced written content on every single of its region-certain websites and a comprehensive assortment of complementary offerings. SINA cell provides news details, qualified and leisure information custom made for cell consumers by mobile purposes and cellular portal site SINA.cn.
Weibo is a top social media system for people today to produce, distribute and explore content. Dependent on an open up system architecture, Weibo gives unprecedented and straightforward way for persons and businesses to publicly specific themselves in real time, interact with others on a substantial international platform and remain related with the earth.
By these homes and other solution lines, SINA provides an array of online media and social media providers to its customers to develop a rich canvas for enterprises and advertisers to successfully join and interact with their qualified audiences.
Harmless Harbor Statements
This press release has statements that specific the Company’s latest opinions, anticipations, beliefs, options, aims, assumptions or projections relating to long term occasions or upcoming effects and therefore are, or could be deemed to be, “forward-wanting statements” inside the this means of the U.S. Private Securities Litigation Reform Act of 1995 (the “Act”). These forward-looking statements can be identified by terminology such as “if,” “will,” “expected” and very similar statements. Forward-on the lookout statements include inherent hazards, uncertainties and assumptions. Pitfalls, uncertainties and assumptions incorporate: uncertainties as to how the Company’s shareholders will vote at the conference of shareholders the probability that competing presents will be made the chance that funding may perhaps not be offered the likelihood that several closing ailments for the transaction may well not be pleased or waived and other dangers and uncertainties mentioned in documents filed with the SEC by the Organization, as well as the Agenda 13E-3 transaction statement and the proxy assertion filed by the Firm. Further more facts about these and other threats, uncertainties or components is incorporated in the Company’s filings with the SEC. These forward-looking statements mirror the Company’s expectations as of the date of this push launch. You need to not depend upon these forward-searching statements as predictions of potential activities. The Business does not undertake any obligation to update any ahead-searching assertion, apart from as necessary underneath relevant law.
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Electronic mail: [email protected]
Source SINA Corporation