SINGAPORE, Sept. 12, 2013 /PRNewswire/ -- Linktone Ltd.
(NASDAQ: LTON) ("Linktone" or the "Company"), a provider of media
and entertainment content and services in key strategic markets in
Asia, today announced that the
Australian Securities Exchange ("ASX") has approved the listing of
its shares, in the form of CHESS Depositary Interests ("CDIs"), on
the ASX. The Company's CDIs will begin trading on the ASX
under the ticker symbol "LTL" on Friday,
September 13, 2013. The Company's American Depositary
Shares ("ADSs") will continue to trade on the NASDAQ Global Market
under the ticker symbol "LTON".
Each CDI represents ten ordinary fully paid shares of the
Company (each ADS also represents ten ordinary shares of the
Company). The Company noted that no additional ordinary shares have
been issued and no additional capital has been raised in connection
with this listing. Holders of the Company's NASDAQ-listed ADSs
will be able to convert their shares into CDIs, and CDI holders
will be able to convert their shares into ADSs, should they wish to
do so. Additional information on the share conversion process can
be found under the Shareholder Services section of Linktone's
investor relations website at:
www.linktone.com/en/ir/shareholder-services.html
Commenting on the announcement, Mr. Hary Tanoesoedibjo,
Linktone's Chief Executive Officer, said, "Having carefully
reviewed our options among the major exchanges in the Asia-Pacific region, we believe the ASX
provides an ideal listing venue for our shares in light of the
market's strong profile, liquidity and proximity to our core
markets. This dual listing on the ASX gives us both the opportunity
to reach out to investors who are located closer to and have
greater familiarity with our key operating regions and an avenue to
explore further opportunities in the media and entertainment
industry in Australasia, directly in line with our multi-platform,
multi-genre and multi-territory strategy."
ABOUT LINKTONE LTD.
Linktone Ltd. is a provider of rich and engaging services and
content to a wide range of traditional and new media consumers and
enterprises in Mainland China, Indonesia, Malaysia, Hong
Kong and Singapore.
Linktone focuses on media, entertainment, communication and
edutainment products, which are promoted through the Group's
various nationwide distribution networks, integrated service
platforms and multiple marketing sales channels, as well as through
the networks of leading mobile operators in Mainland China and
Indonesia.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking
nature. These statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward-looking
statements by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," and similar
statements. The accuracy of these statements may be
impacted by a number of risks and uncertainties and you should not
place undue reliance on these statements. There can be no
assurance that an active trading market for Linktone's CDIs will
develop on the ASX; other factors that could cause Linktone's ASX
listing plan to differ materially include, but are not limited to,
changes in applicable laws and regulations in Australia or the U.S. or in application
thereof by relevant governmental authorities, and the Company's
future business development, results of operations and financial
condition. Linktone does not undertake any obligation to
update this forward-looking information, except as required under
applicable law.
CONTACTS:
Investor Relations (HK):
Candy Cheung, Senior
Associate
Taylor Rafferty
Tel: +852 3196 3712
Email: linktone@king-worldwide.com
Investor Relations (US):
Mahmoud Siddig, Managing
Director
Taylor Rafferty
Tel: 212-889-4350
Email: linktone@king-worldwide.com
SOURCE Linktone Ltd.