|Bid||42.52 x 1000|
|Ask||44.00 x 1100|
|Day's Range||43.21 - 43.43|
|52 Week Range||26.04 - 45.68|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 29, 2021 - Apr 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||45.43|
SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, will deliver authorization notice as required by the Companies Act of the Cayman Islands (the "Companies Act") to all the shareholders who had validly objected to the previously announced "going private" merger prior to the vote being taken at theextraordinary general meeting of shareholders held on December 23, 2020. The merger, terms and conditions of which are set forth in the agreement and plan of merger, dated as of September 28, 2020 (the "Merger Agreement"), by and between New Wave Holdings Limited ("Parent"), New Wave Mergersub Limited and the Company, was duly approved in that extraordinary general meeting.
SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, today announced at an extraordinary general meeting of shareholders held today, the Company's shareholders voted in favor of (i) the proposal to authorize and approve the previously announced agreement and plan of merger, dated as of September 28, 2020 (the "Merger Agreement"), by and between New Wave Holdings Limited ("Parent"), New Wave Mergersub Limited, a wholly owned subsidiary of Parent ("Merger Sub") and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), (ii) the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands to effect the Merger (the "Plan of Merger") and (iii) the consummation of the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.
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