CDC Corp. (NASDAQ:CHINA) plans to file an SEC registration for an IPO of up to US$200 million aggregate principal amount of Class A Common Shares of CDC Games Corporation, its business unit engaged in online games in China. This will allow CDC Games to differentiate its gaming line from CDC Corporation and provide a more targeted investment vehicle for investors seeking to invest only in the online games portion of CDC Corporation’s diverse businesses. The offering is expected to occur in Q4 2007. CDC Corporation currently anticipates that, in addition to CDC Games offering newly issued Class A Common Shares, CDC Corporation will also be a selling shareholder in the offering.
CDC Corp. itself has a market cap of $1.11 Billion before the reaction to the filing. We will follow up with more detailed financial data with percentages of the companies and with financial breakdowns of each unit.
Jon C. Ogg
July 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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