Linktone Announces Application To List Shares On The Australian Securities
SINGAPORE, Aug. 20, 2013
SINGAPORE, Aug. 20, 2013 /PRNewswire/ -- Linktone Ltd. (NASDAQ: LTON)
("Linktone" or the "Company"), a provider of media and entertainment content
and services in key strategic markets in Asia, today announced that it has
applied for admission to the official list of the Australian Securities
Exchange ("ASX"). As part of the application for admission, an Information
Memorandum that complies with the requirements of the ASX Listing Rules has
been prepared and lodged with the ASX. If approved, the Company's ordinary
shares will trade on the ASX in the form of CHESS Depository Interests
("CDIs").The Company's American Depository Shares ("ADSs") will continue to
trade on the NASDAQ Global Market under the ticker symbol "LTON".
Each CDI will represent ten ordinary shares of the Company (each ADS also
represents ten ordinary shares of the Company). The Company noted that no
additional ordinary shares are being issued and no additional capital is being
raised in connection with this proposed listing.The listing of CDIs on the
ASX is subject to the final approval of the ASX and may not occur in the
absence of such approval.
The Company's listing on the ASX will provide Linktone with access to a
capital market base with investors in closer proximity to its key operating
markets in Asia A copy of the Information Memorandum will be made available on
the Company's website at www.linktone.com.
ABOUT LINKTONE LTD.
Linktone Ltd. is a provider of rich and engaging services and content to a
wide range of traditional and new media consumers and enterprises in Mainland
China, Indonesia, Malaysia, Hong Kong and Singapore. Linktone focuses on
media, entertainment, communication and edutainment products, which are
promoted through the company's strong nationwide distribution networks,
integrated service platforms and multiple marketing sales channels, as well as
through the networks of leading mobile operators in Mainland China and
This press release contains statements of a forward-looking nature.These
statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995.You can identify these
forward-looking statements by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates," and
similar statements.The accuracy of these statements may be impacted by a
number of risks and uncertainties and you should not place undue reliance on
these statements. There can be no assurance that Linktone's ASX listing will
be successfully completed or that an active trading market for CDIs will
develop on the ASX; factors that could cause Linktone's ASX listing plan to
differ materially include, but are not limited to, changes in applicable laws
and regulations in Australia or the U.S. or in application thereof by relevant
governmental authorities, the ASX's and Australian authorities' approval of
Linktone's listing application and the Company's future business development,
results of operations and financial condition. Linktone does not undertake
any obligation to update this forward-looking information, except as required
under applicable law.
Investor Relations (HK):
Candy Cheung, Senior Associate
Tel: +852 3196 3712
Investor Relations (US):
Mahmoud Siddig, Managing Director
SOURCE Linktone Ltd.
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