TAIPEI, Taiwan, Dec. 21, 2016 /PRNewswire/ -- GigaMedia
Limited (NASDAQ: GIGM) today announced that its Chief Executive
Officer Collin Hwang has purchased a
total of 39,000 shares of GigaMedia stock at an average price of
$2.768 on December 14, 2016. The purchases were made during
an open window period and in full compliance with all company and
legal guidelines. Mr. Hwang's decision to purchase shares reflects
his firm confidence in the company.
Mr. Collin Hwang now holds a
total of 675,833 shares, an ownership of around 6.11% in the
Company.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of online games. GigaMedia's online games
business is an innovative leader in Asia with growing game development,
distribution and operation capabilities, as well as platform
services for games; focus is on mobile games and social casino
games. More information on GigaMedia can be obtained from
www.gigamedia.com.tw
For further information contact:
Annie Sun
Investor Relations Department
Tel: +886-2-2656-8096
Email: ir@gigamedia.com.tw
The statements included above and elsewhere in this press
release that are not historical in nature are "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. GigaMedia
cautions readers that forward-looking statements are based on the
company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those
contained in such forward-looking statements. Information as to
certain factors that could cause actual results to vary can be
found in GigaMedia's Annual Report on Form 20-F filed with the
United States Securities and Exchange Commission in April 2016.
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SOURCE GigaMedia Limited