News Column

Montage Tech Shareholders Nod Privatization Agreement

August 4, 2014

SHANGHAI, August 4, SinoCast -- Montage Technology (Nasdaq: MONT) declared results of shareholder meeting held on July 31, approving privatization agreement for USD 22.6 per ordinary share reached on June 12 with Shanghai Pudong Science and Technology Investment (PDSTI). At the shareholder meeting, shareholders having a 66.55% stake in Montage Technology voted for the privatization agreement. 99.4% of them consented with the agreement.

The privatization agreement is still pending approval from government regulators.

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Source: Sinocast Computers & Electronics Beat (China)

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