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ChinaNet Online Adds New Strategic Investors

ChinaNet, 8/13/12

Chinese online and TV advertising firm ChinaNet Online Holdings (Nasdaq: CNET) today announced that one of the company's founding shareholders has entered into a stock purchase agreement with the founder and Chairman of Ever Bright Investment Capital (EBI) and another accredited investor, pursuant to which the founding shareholder sold 1,279,080 shares of common stock of the company for USD 3 mln, or approximately USD 2.35 per share.

Keywords: online advertising financing TV advertising Internet CNET ChinaNet television

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