Sina Company announced today evening，The company's board of Directors has approved，Distribute microblog shares to shareholders in accordance with a fixed percentage。
Weibo is the subsidiary of Sina, which owns the majority stake，Its American depository unit(ADS)Currently listed on the NASDAQ Global Select market，The stock code is WB。
Sina will distribute Weibo's class A common shares to the holders of Sina common stock，The ratio for each holding 10 shares of Sina Common shares will be distributed 1 shares of micro-blog Class A common。
Hold through DTC(Depository Management Trust)The settlement of the Sina common shareholders will receive a corresponding number of microblogging class A common stock，Ads in the form of micro blogs。
The distribution date of the microblog stock is October 12, 2016 or the days before and after it.，The distribution object for the September 12, 2016 business day before the end of registered Sina shareholder。
After the distribution of micro-blog stock，Sina's stake in Weibo will fall to about 51% from the current 54% per cent，The percentage of voting power dropped from 78% to about 75%.。
Follow us：Please take a look at our micro-public：Scan QR code，The public,：ilvruan
Copyright notice：This article copyright belongs to the original author all，Copyright belongs to the original author all，Welcome to share this article，Reprinted please keep source!