Marbridge Daily

<- November 14, 2011 ->

Microsoft Reduces Stake in Inspur International

Hong Kong Exchanges and Clearing, 11/11/11

Computing platform and IT application solutions provider Inspur International (0596.HK) has announced that Microsoft entered into an agreement on October 31, 2011 to sell 415.87 mln ordinary shares (83.17 mln converted preferred shares) of Inspur International stock to an undisclosed purchaser.

Microsoft has also announced it will redeem 95.06 mln preferred shares on December 8, 2011, after which it will hold 72.86 mln preferred shares that can be converted into 297.05 mln ordinary shares, representing a 6.6% of total voting rights in Inspur International, down from 167.92 mln preferred shares (convertible into 772.34 mln ordinary shares) or a 15.5% voting share.

 
Please note, all fields are required.
None of your personal information will be shared with third parties.

Please enter your name

Please enter a valid email address
(City, Country)
Please enter your location
(Please leave empty)


You need to enter a message
Drop Shadow