SMIHSo Much It Hurts
SMIHSun Media Investment Holdings Ltd. (China)
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Currently SMIH operates across the media spectrum with activities in newspapers, magazines, Internet communities, e-publishing platforms, mobile content development and distribution services, advertising, film production, professional publishing, b2b media, and sports content.
SMIH has supported the Company along the way by purchasing over 10 million Company shares through private transactions, often paying cash at a premium, and then trading these shares with the Company in exchange for the Company's non-core assets to enhance shareholder's value.
The establishment of the investment partnership between SMIH and William's Brand reflects the common focus and financial interests of the Company's key management and shareholders.
SMIH reports that it has further plans to purchase up to 3.
Yu Bing, a member of Sun New Media's Board of Directors commented, "We believe it is in the best interest of SNMD shareholders to allow SMIH to increase its shareholdings, even if during the Company's blackout period.
Currently, SMIH invests in four key areas of activity: television, publishing, sports marketing and new media.
First, SMIH announced that the Observer Star's launch in the