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Ku6 Media Co., Ltd. American Depositary Shares Intraday Chart
|Intraday||Last 52 Weeks|
|High||$ 1.01||$ 1.60|
|Low||$ 1||$ 0.54|
The current last sale of $1.01 is 87.04% Higher thanthe 52 week low.
Company Description (as filed with the SEC)
We became an independent company in September 1999 when we were spun-off from UT Starcom Inc., a NASDAQ-listed company that manufactures telecommunication equipment in China. In April 2002, we established a new holding company, Hurray! Holding Co., Ltd., in the Cayman Islands. In August 2010, we changed our name from "Hurray! Holding Co., Ltd." to "Ku6 Media Co., Ltd." In May 2015, Shanda Media entered into a share purchase agreement with our then largest shareholder, Mr. Xu, to purchase 1,938,360,784 of our ordinary shares, amounting to approximately 40.7% of our issued and outstanding share capital. The aggregate consideration for these shares acquired by Shanda Media from Mr. Xu was the cancellation by Shanda Media of the promissory note issued by Mr. Xu to Shanda Media in the amount of $47,350,831.05 in the 2014 Share Transfer Transaction, and the discharge by Shanda Media of the pledge over all the ordinary shares beneficially owned by Mr. Xu. ... More ...