TAIPEI, Taiwan, Aug. 16, 2017 /PRNewswire/ -- GigaMedia Limited
(NASDAQ:GIGM) released an announcement dated August 15, 2017, advising a change of major
shareholder. The Company made an amendment today to clarify the
ownership status of its shareholder.
As the Company's announcement on the 16th of November, 2015,
John-Lee Andre Koo transferred his
shareholding vehicle for shares of GigaMedia Limited from Best
Method Limited to Champion Allied Limited.
On the 14th of August, 2017, John-Lee
Andre Koo transferred his share in Champion Allied Limited
to Symporium (PTC) Ltd, in its capacity as trustee of Citadelle
Trust. John-Lee Andre Koo is
the settlor of Citadelle Trust and exercises sole voting and
investment power over all of the shares of GigaMedia Limited held
by Syporium (PTC) Ltd, in its capacity as trustee of Citadelle
Trust. The Citadelle Trust is a revocable trust and John-Lee Andre Koo is the sole beneficiary of
the trust.
Mr. John-Lee Andre Koo's
shareholding vehicle for shares of GigaMedia Limited remains in
Champion Allied Limited and the number of shares held under his
beneficial ownership has no change as well. The change of ownership
status has no impact on the Company's operating results.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of online game products. 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.
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 2017.
For further information contact:
Annie Sun
Investor Relations Department
Tel: +886-2-2656-8096
annie.sun@gigamedia.com.tw
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SOURCE GigaMedia