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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 June 2014, we disposed of a 10% equity interest in Bale Interactive (Beijing) Culture Media Co., Ltd., or Bale, to a third party for RMB9.0 million ($1.5 million). On March 31, 2014, Mr. Xu entered into a share purchase agreement with our then controlling shareholder, Shanda Media, a wholly owned subsidiary of Shanda Interactive, to purchase 1,938,360,784 of our ordinary shares, amounting to approximately 41% of our issued and outstanding share capital. ... More ...