Giant Interactive Group Inc. -- Selling Shareholder Prices Secondary Offering
SHANGHAI, June 6, 2013
SHANGHAI, June 6, 2013 /PRNewswire-FirstCall/ -- Giant Interactive Group Inc.
(NYSE: GA) ("Giant" or the "Company"), one of China's leading online game
developers and operators, announced today that Vogel Holding Group Limited
("Selling Shareholder"), an affiliate of Mr. Yuzhu Shi, the chairman of Giant,
has agreed to sell 11,000,000 American depositary shares ("ADSs") at a price
of $7.25 per ADS pursuant to a previously announced underwritten public
offering. The selling shareholder has granted to underwriters in the offering,
a 30-day option to purchase up to an additional 1,650,000 of ADSs. Giant will
not receive any of the proceeds from the sale of ADSs in this offering.
The offering is being made under Giant's currently effective shelf
registration statement on Form F-3 filed with the Securities and Exchange
Commission on June 4, 2013. Before you invest, you should read the base
prospectus in that registration statement and the preliminary prospectus
supplement and other documents Giant has filed with the SEC for more complete
information about Giant and this offering. You may get these documents for
free by visiting EDGAR on the SEC web site at www.sec.gov. The Company's final
prospectus supplement, when available, may also be obtained from the
Securities and Exchange Commission's website at: http://www.sec.gov.
This press release does not constitute an offer to sell, or the solicitation
of an offer to buy, securities and does not constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale would be
SAFE HARBOR: FORWARD-LOOKING STATEMENTS
This press release includes statements that may constitute forward-looking
statements made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements.
Giant may also make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K,
in its annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or employees
to third parties. Statements that are not historical facts, including
statements about Giant's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements. A number of important factors could cause actual
results to differ materially from those contained in any forward-looking
statement. Potential risks and uncertainties include, but are not limited to,
risks outlined in Giant's filings with the U.S. Securities and Exchange
Commission, including its registration statements on F-3 and 20-F, in each
case as amended. Giant does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
This release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
or an exemption from registration. Any public offering of securities to be
made in the United States will be made by means of a prospectus that may be
obtained from the issuer or selling security holder and that will contain
detailed information about the company and management, as well as financial
ABOUT GIANT INTERACTIVE GROUP INC.
Giant Interactive GroupInc. (NYSE: GA) isa leading online game developer and
operator in China in terms of market share, and focuses on massively
multiplayer online role playing games. Currently, Giant operates multiple
games, including the ZT Online 1 Series, ZT Online 2, Giant Online, XT
Online, The Golden Land, Elsword, Allods Online and World of Xianxia.
SOURCE Giant Interactive Group Inc.
Contact: Investor Contacts: Giant Interactive Group Inc., Rich Chiang, IR
Director, +86-21-3397-9959, email@example.com, www.ga-me.com; Giant Interactive
Group Inc., Kristie Chen, IR Manager, +86-21-3397-9971, firstname.lastname@example.org,
www.ga-me.com; Fleishman-Hillard, Hon Gay Lau, +852-2530-0228,
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