SINGAPORE (Yosefardi) – Linktone Ltd., a provider of media and entertainment content and services in key strategic markets in Asia, said the Australian Securities Exchange (ASX) has approved the listing of its shares, in the form of CHESS Depositary Interests (CDIs), on the ASX.
The Company’s CDIs will begin trading on the ASX under the ticker symbol “LTL” on Friday, September 13, 2013. The Company’s American Depositary Shares (ADSs) will continue to trade on the NASDAQ Global Market under the ticker symbol “LTON”.
Commenting on the announcement, Mr. Hary Tanoesoedibjo, Linktone’s Chief Executive Officer, said, “Having carefully reviewed our options among the major exchanges in the Asia-Pacific region, we believe the ASX provides an ideal listing venue for our shares in light of the market’s strong profile, liquidity and proximity to our core markets. This dual listing on the ASX gives us both the opportunity to reach out to investors who are located closer to and have greater familiarity with our key operating regions and an avenue to explore further opportunities in the media and entertainment industry in Australasia, directly in line with our multi-platform, multi-genre and multi-territory strategy.”
Linktone Ltd. is a provider of rich and engaging services and content to a wide range of traditional and new media consumers and enterprises in Mainland China, Indonesia, Malaysia, Hong Kong and Singapore.
Linktone focuses on media, entertainment, communication and edutainment products, which are promoted through the Group’s various nationwide distribution networks, integrated service platforms and multiple marketing sales channels, as well as through the networks of leading mobile operators in Mainland China and Indonesia.