Announcement UWII moving towards listing at Main Board - IV
Fantastic news! Unwall International Incorporation (UWII), has announced the complete acquisition of Sunity Online Entertainment (Sunity), a celebrated Chinese online game company! Sunity, a company established in the Cayman Islands, commenced its IPO work for NASDAQ listing in November 2009 and officially submitted its F1 (prospectus) to SEC in September 2010. Between the 2 dates, Sunity’s F1 came into force twice, namely on April 2nd 2011 and June 28th 2012. However, with due consideration of the performance of China stocks in America, Sunity had decided to postpone its road show listing on both occasions. Per SEC demand, Sunity shall keep on updating its F1 in accordance with its sales performance to maintain itself in a standby listing mode, with the hope of completing all listing work within 2 or 3 months of market improvement. It plans to get listed officially on NASDAQ on September 30th 2013, at a final IPO distribution price of USD5 per share to raise USD500 million. ICM Capital Markets Ltd. will be the key underwriting agent for Sunity shares, of which the transaction code is SUNG. Established on February 14th 2006, Sunity’s predecessor was actually Sunity PLC (Beijing). It has a registered capital of 34.163 million yuan, and a net asset of 140 million yuan as at October 2012. As a software developer and an internet culture enterprise, the latter being recognized in China as a highly significant pillar industry, Sunity has been approved by China’s Ministry of Industry and Ministry of Culture and enjoys a lot of preferential privileges. With the development of online games such as leisure games, webpage games, grand scale online games, cell phone games etc as its initial core business, Sunity has evolved into an interactive entertainment and integrated operating platform. At the same time, it is actively paving its way into the third party payment platform so as to completely unleash the power of its customer database. It aims to become the epitome of a brand new interactive internet culture.
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