webmaster network (www.admin5.com) October 30th news, by the end of September this year, 58 city to the U.S. Securities and Exchange Commission (SEC) submitted a prospectus to be listed in the United states. The company raised $150 million of funds, the underwriters for Morgan Stanley, Credit Suisse and Citigroup, the transaction code is WUBA. In this coming to the end of the month the United States listed on the NYSE in 58 city, unfortunate encounter disputes.
it is understood that Liu Xuanfu (Chairman of the Beijing Sun Light Television Technology Co. Ltd.) recently to the Hubei Xiaogan city Xiaonan District People’s court, said the business online (Beijing) Technology Co. Ltd. (On-Line Company chairman Cheng Handong Yao Jinbo (business), chairman and founder of the city, CEO 58) against the interests of its shareholders, Hubei and Xiaogan city of Xiaonan the District People’s court has accepted Liu Xuan pay charges. According to Liu Xuanfu, December 2009, Cheng Han Dong advantage in business On-Line Company and seal, without shareholder approval did not inform the Liu Xuanfu case, in the name of the On-Line Company and private business Yao Jinbo signed an "agreement", to give up on behalf of the holders of 58 17.5% stake in the company, which seriously damaged the business as a On-Line Company the interests of the shareholders.