SHANGHAI, Aug. 30, 2011 /PRNewswire-Asia/ -- Giant
Interactive Group Inc. (NYSE: GA), one of China's leading online game developers and
operators, today announced that the New York Stock Exchange has
established September 12, 2011 as the
ex-dividend date for the special cash dividend declared by the
Board of Directors on August 8, 2011.
The dividend of $3.00 per ordinary
share or ADS will be paid on September 9,
2011 to all shareholders or ADS holders of record as of
August 31, 2011 (the "record date").
In addition, the New York Stock Exchange will apply its due bill
procedures.
Pursuant to the rules of the New York Stock Exchange, when a
dividend is declared in a per share amount that exceeds 25% of a
company's stock price, the date on which that company's shares will
begin to trade without the dividend, or ex-dividend, is the first
business day following the payable date. The Company understands
from the NYSE that, because the $3.00
per share special cash dividend is expected to exceed 25% of the
Company's current ADS price, the above-mentioned rules will apply
and the ex-dividend date has been set by the NYSE as September 12, 2011, the first business day
following the payment date for the special cash dividend. The
Company further understands that pursuant to the due bill
procedures, trades of its American Depositary Shares (ADSs) entered
into before September 12, 2011 and
settled after the record date (the "due bill period") will have a
due bill attached for the special cash dividend payable on
September 9, 2011. This means that
holders who purchase these securities during the due bill period
(even if the trades are to be settled after that due bill period)
are entitled to receive the special cash dividend, and sellers who
sell the securities during the due bill period (even if the trades
are to be settled after the due bill period) are not entitled to
the special cash dividend. Investors who enter into trades to
purchase ADSs on or after September 12,
2011 will not be entitled to the special cash dividend
payable on September 9, 2011.
About Giant Interactive Group Inc.
Giant Interactive Group Inc. (NYSE: GA) is a 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 ZT Online, ZT
Online Green Edition, ZT Online 2, Giant Online, XT
Online, and The Golden Land. Giant has built
a nationwide distribution network to sell the prepaid game cards
and game points required to play its games. For more
information, please visit Giant Interactive Group on the web at
www.ga-me.com.
Safe Harbor Statement
Statements in this release contain "forward-looking" statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in 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.
These forward-looking statements are not historical facts but
instead represent only our belief regarding future events, many of
which, by their nature, are inherently uncertain and outside of our
control. Our actual results and financial condition and other
circumstances may differ, possibly materially, from the anticipated
results and financial condition indicated in these forward-looking
statements. Among the factors that could cause our actual
results to differ from what we currently anticipate are those
factors listed under "Risk Factors" beginning on page 5 of our
annual report for fiscal year 2010.
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Contacts:
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Investor Contact
(China):
Rich Chiang, IR
Manager
Giant Interactive Group,
Inc.
+86 21 3397 9959
ir@ztgame.com
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Investor Relations
(US):
Kelly Gawlik,
Director
Taylor Rafferty
+1 (212) 889 4350
giantinteractive@taylor-rafferty.com
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Investor Relations
(HK):
Mahmoud Siddig, Managing
Director
Taylor Rafferty
+852 3196 3712
giantinteractive@taylor-rafferty.com
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Media Contact
(US):
Marc Raybin
Taylor Rafferty
+1 (212) 889 4350
giantinteractive@taylor-rafferty.com
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SOURCE Giant Interactive Group Inc.