Chinadotcom filed for bankruptcy protection: China\’s first listed Internet company went to the United States-China network, investment companies, bankruptcy protection, to the United States listing
Beijing early morning of October 6, news, CDC Corp (Nasdaq: CHINA) CDC Corporation has filed for bankruptcy protection, its stock price fell sharply this news more than 50%, which is China's first NASDAQ-listed U.S. Internet companies.
CDC said the company has been in the United States bankruptcy law yesterday by the provisions of Chapter 11 bankruptcy court submitted to the Atlanta bankruptcy. As of June 30, CDC total assets of $ 377.4 million, total debt of $ 250.2 million.
CDC also said the company's largest unsecured creditor Evolution CDC SPV from a 2009 lawsuit of $ 65.4 million claim in dispute.
CDC shares in regular trading on the Nasdaq dropped 45 cents to 42 cents, down 52% since the company's stock trading was halted. So far this year, CDC shares have fallen 88%.
Filed for bankruptcy protection by the impact of CDC, CDC-listed subsidiary in the United States CDC Software also fell, as Beijing time 2:30, CDC Software shares 41.97%, down $ 1.28, fell to $ 1.77.
CDC was established in June 1997, July 1999 to the United States NASDAQ, United States is China's first NASDAQ-listed Internet company. The company is divided into five sectors: software, business services, online games, mobile services, applications, Internet and media services, CDC in August 2009, spinning off its software business to the United States market. (Text / SAN)
