BEIJING and SANTA CLARA, Calif., Dec. 19, 2013 /PRNewswire-FirstCall/ --
AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the
"Company"), a leading provider of telecommunication software
solutions and services in China,
today announced that, at a special meeting of the stockholders of
the Company held today, the Company's stockholders voted in favor
of the proposal to adopt the previously announced Agreement and
Plan of Merger (the "Merger Agreement"), dated May 12, 2013, by and among the Company, Skipper
Limited ("Parent") and Skipper Acquisition Corporation ("Merger
Sub"), pursuant to which Merger Sub will be merged with and into
the Company, with the Company continuing as the surviving company
after the merger as a wholly owned subsidiary of Parent (the
"Merger"). The Merger Agreement was approved by approximately
52.75% of the outstanding shares of Company common stock,
satisfying the requirement in the Merger Agreement that at least a
majority of the outstanding shares of Company common stock approve
the Merger Agreement.
The parties currently expect to complete the Merger in the first
quarter of 2014, subject to the satisfaction or waiver of the
conditions set forth in the Merger Agreement. If completed, the
Merger will result in the Company becoming a privately-held company
and the common stock of the Company will no longer be listed on the
NASDAQ Global Market.
About AsiaInfo-Linkage, Inc.
AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) is a leading provider of
high-quality software solutions and IT services to the
telecommunications industry. Headquartered in Beijing, AsiaInfo-Linkage employs more than
11,000 professionals worldwide. AsiaInfo-Linkage provides a full
suite of business and operational support solutions (BSS/OSS) and
associated professional services. AsiaInfo-Linkage's core Veris
product line includes billing and customer care systems that serve
nearly a billion subscribers globally - almost one seventh of
the world's population - plus business intelligence, network
management and solutions.
AsiaInfo-Linkage's customers work with it to converge large
scale pre- and post-paid mobile operations; improve time to market
for new products and services; and develop cost-effective new
business models. In China,
AsiaInfo-Linkage has more than 50% market share in billing, CRM and
business intelligence through its longstanding partnerships with
China Mobile, China Unicom and China Telecom. AsiaInfo-Linkage aims
to be the leading IT solutions provider to the global
telecommunications industry, enabling the Connected Digital
Lifestyle, and helping its customers build, maintain, operate and
constantly improve their network infrastructure and IT
environment.
For more information about AsiaInfo-Linkage, please visit
www.asiainfo-linkage.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "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 U.S. Private Securities Litigation
Reform Act of 1995. These statements can be identified by the use
of forward-looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "plan," "seek," "intend," or
"anticipate" or the negative thereof or comparable terminology.
Such forward-looking statements involve inherent risks,
uncertainties and assumptions. Further information regarding these
and other risks is included in the Company's filings with the SEC.
These forward-looking statements reflect the Company's expectations
as of the date of this press release. The Company does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Mr. Jimmy Xia
AsiaInfo-Linkage, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo-linkage.com
In the United
States:
Mr. Justin Knapp
Ogilvy Financial
Tel: +1-616-551-9714
Email: asia@ogilvy.com
SOURCE AsiaInfo-Linkage, Inc.