Gasgoo.com (Shanghai April 28th)- The board of directors of ATHM in China set up panel to evaluate privatization on April 27, according to report of China Business News (short CBN).
An internal mail of ATHM indicates that the panel is composed of three independent directors to evaluate privatization offer submitted to the board by management members and three famous investment institutions in China.
The reason that Telstra sold their equities lies in the fact that major shareholders, management members, and other public shareholders haven’t been moving in tandem. They make little consensus on strategic planning and development direction of ATHM.
Management members of ATHM believe that only those who have profound understanding of ATHM and Internet business operation can run the company in an appropriate way. They will take responsibility for developing the company. In this way, Internet companies can remain innovative and impregnable.
