Shanda Games Limited (NASDAQ:GAME) has announced the subscription price of Actoz soft, Revolution Lighting Technologies Inc (NASDAQ:RVLT)

Posted by Samantha Donahue June 4, 2013 0 Comment 962 views


Shanda Games Limited (NASDAQ:GAME): In Monday’s trading session, shares of Shanda Games Limited (NASDAQ:GAME) dipped by 2.91%. The opening price of the shares was $4.10 which reached an intraday high of $4.11 before dropping to $4.00 per share. In excess of 1.02M shares exchanged hands in the trading session on Monday. This number was higher than the average volume of 0.680M that was measured over 30-day period.

GAME has announced that Actoz Soft Co. Ltd, its majority-owned subsidiary has now fixed the subscription-price for the newly-issued shares, in the proposed rights-offering in Korea on 30 May 2013. The subscription price has been successfully set at $35.6 (KRW40,150) per share. As per the previous announcement, Actoz will be issuing 1,900,000 new shares. This is equivalent to a $67.6M (KRW76, 285 million), issuance amount. The capital that is raised, will be used for strengthening Shanda Games Limited (NASDAQ:GAME)’s mobile games strategy. It will achieve this by investing in different segments including licensing, game developments, acquisitions and investments. It will also be focusing on global distribution and operation.

Revolution Lighting Technologies Inc (NASDAQ:RVLT): In Monday’s trading session, shares of Revolution Lighting Technologies Inc (NASDAQ:RVLT) dipped by 3.93%. The opening price of the shares was $3.82 was also the intraday high, before dropping to $3.67 per share. In excess of 0.530M shares exchanged hands in the trading session on Monday. This number was lower than the average volume of 1.56M that was measured over 30-day period.

Revolution Lighting Technologies Inc (NASDAQ:RVLT) was previously Nexxus Lighting, Inc. The company is involved in designing, manufacturing, marketing and selling commercial grade, LED-based signage and LED replacement light bulbs, contour lighting products and channel letter. RVLT operates in the following segments: LED signage and lighting strips and LED replacement lamps. Revolution Lighting Technologies Inc (NASDAQ:RVLT) sells its products under the Lumificient and Array Lighting brands names. These products are used in different applications in the institutional, hospitality, commercial, sign and retail markets. They are marketed and distributed globally via multiple networks of distributors and independent sales representatives. They are also sold through national accounts and energy savings companies.


About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

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