BEIJING, Oct. 22 /PRNewswire-Asia/ -- Sohu.com Inc.
(Nasdaq: SOHU), China's leading
online media, communications, search, online games and wireless
value-added services group, today announced that its massively
multi-player online role-playing game ("MMORPG") subsidiary,
Changyou.com Limited's ("Changyou") (NASDAQ: CYOU) American
Depositary Receipts ("ADRs") will be quoted on the Singapore
Exchange's ("SGX") new GlobalQuote board starting today. The
SGX-quoted ADRs are fully fungible with Changyou's US-listed ADRs
and will trade under the trading code K3JD.
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SGX's GlobalQuote is the first exchange venue in Asia for international securities such as
ADRs, depositary receipts and depositary shares of companies
already listed on other exchanges. Bank of New York Mellon acts as
the depositary bank for SGX's new ADR programme.
Mr. Dewen Chen, Changyou's
president and chief operating officer, commented, "The quotation of
Changyou's ADRs on SGX's GlobalQuote board can help increase our
exposure amongst the Asian-Pacific investor community and provides
investors a new channel to act on news-flow about Changyou during
Asian trading hours."
Mr. Lawrence Wong, Executive Vice
President and Head, Listings at Singapore Exchange said, "We
welcome Changyou as one of the pioneer companies whose ADRs are
traded on Singapore's GlobalQuote.
This trading allows Asian ADR issuers new opportunity to reach out
to investors in Asia and within
their time zones. We look forward to the opportunity to work
with Changyou on further leveraging the Singapore capital market for its growth."
About Changyou
Changyou.com Limited's massively multi-player online
role-playing games ("MMORPG") business began operations as a
business unit within Sohu.com Inc. (NASDAQ: SOHU) in 2003.
Changyou, a leading developer and operator of online games in
China, was carved out as a
separate, stand-alone company in December
2007, and completed an initial public offering on
April 7, 2009. Changyou currently
operates six online games, including the in-house developed
Tian Long Ba Bu, one of the most
popular online games in China, and
the licensed Blade Online, Blade Hero 2, Da Hua Shui Hu,
Zhong Hua Ying Xiong and Immortal
Faith. Changyou has a diversified pipeline of games with various
graphic styles and themes, including the in-house developed Duke of
Mount Deer, which received an award as one of China's most anticipated online games.
Changyou's advanced technology platform includes advanced 2.5D and
3D graphics engines, a uniform game development platform, effective
anti-cheating and anti-hacking technologies, proprietary
cross-networking technology and advanced data protection
technology. For more information about Changyou, please visit
http://www.changyou.com/en/.
About Sohu.com
Sohu.com Inc. (NASDAQ: SOHU) is China's premier online brand and indispensable
to the daily life of millions of Chinese, providing a network of
web properties and community based/web 2.0 products which offer the
vast Sohu user community a broad array of choices regarding
information, entertainment and communication. Sohu has built one of
the most comprehensive matrices of Chinese language web properties
and proprietary search engines, consisting of the mass portal and
leading online media destination www.sohu.com; interactive search
engine www.sogou.com; #1 games information portal www.17173.com;
the top real estate website www.focus.cn; #1 online alumni club
www.chinaren.com; wireless value-added services provider
www.goodfeel.com.cn; leading online mapping service provider
www.go2map.com; and developer and operator of online games
www.changyou.com.
Sohu corporate services consist of brand advertising on its
matrix of websites as well as paid listing and bid listing on its
in-house developed search directory and engine. Sohu also offers
wireless value-added services such as news, information, music,
ringtone and picture content sent over mobile phones. Sohu's
massively multiplayer online role-playing game (MMORPG) subsidiary,
Changyou.com (NASDAQ: CYOU), currently operates six online games,
including the in-house developed Tian Long
Ba Bu, one of the most popular online games in China, and the licensed Blade Online, Blade
Hero 2, Da Hua Shui Hu, Zhong Hua Ying
Xiong and Immortal Faith. Sohu.com, established by Dr.
Charles Zhang, one of China's internet pioneers, is in its
fourteenth year of operation.
Safe Harbor Statement
This announcement contains forward-looking statements.
Statements that are not historical facts, including statements
about Sohu's beliefs and expectations, are forward-looking
statements. These statements are based on current plans, estimates
and projections, and therefore you should not place undue reliance
on them. Forward-looking statements involve inherent risks and
uncertainties. We caution you that a number of important factors
could cause actual results to differ materially from those
contained in any forward-looking statement. Potential risks and
uncertainties include, but are not limited to, the current global
financial and credit markets crisis and its potential impact on the
Chinese economy, the slower growth the Chinese economy experienced
during the latter half of 2008 and in 2009, which could recur in
the future, the uncertain regulatory landscape in the People's Republic of China, fluctuations
in Sohu's quarterly operating results, and Sohu's reliance on
online advertising sales, online games and wireless services (most
wireless revenues are collected from a few mobile network
operators) for its revenues. Further information regarding these
and other risks is included in Sohu's annual report on Form 10-K
for the year ended December 31, 2009,
and other filings with the Securities and Exchange Commission.
For investor and media
inquiries, please contact:
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In China:
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Ms.
Li Mei
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Sohu.com Inc.
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Tel:
+86 (10) 6272-6596
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E-mail: ir@contact.sohu.com
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Mr. Chen Yuan Yuan
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Christensen
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Tel:
+86(10)
5971-2001
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E-mail: ychen@ChristensenIR.com
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In the United
States:
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Mr. Jeff Bloker
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Christensen
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Tel:
+1 (480) 614-3003
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E-mail: jbloker@ChristensenIR.com
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SOURCE Sohu.com Inc.
Copyright . 22 PR Newswire