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BRIEF-Sina announces distribution of Weibo shares
2016年8月31日 / 中午12点02分 / 1 年前

BRIEF-Sina announces distribution of Weibo shares

Aug 31 (Reuters) - Sina Corp :

* Sina announces distribution of Weibo shares

* Sina will distribute one Weibo class A ordinary share to holder of each ten Sina ordinary shares

* Holders of Sina ordinary shares that are settled through DTC will receive class A ordinary shares represented by WEIBO ADSs

* Authorized and approved company’s distribution of shares of Weibo to company’s shareholders on a pro rata basis

* Following distribution of Weibo shares, Sina’s equity stake in Weibo will decrease from about 54 percent currently to approximately 51 percent Source text for Eikon: Further company coverage:

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