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August 4, 2014
07:09 EDTCNITChina Information enters into strategic partnership with CITIC Securities
China Information Technology announced that the Company entered into a strategic partnership with CITIC Securities. Pursuant to the partnership agreement, CITIC will provide a variety of corporate financial services including mergers and acquisitions, pension management, and brokerage services on a needed basis. During CNIT's strategic transition from traditional IT system integration to the cloud-based internet platform technology, CITIC will assist the Company in exploring various alternatives in China to enhance long-term shareholder value. In addition, CNIT and CITIC will collaborate to restructure CNIT's traditional IT system integration business, which generates lower margin and higher receivables than the emerging cloud-based internet platform services.
News For CNIT From The Last 14 Days
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July 2, 2015
06:05 EDTCNITChina Information updates manufacturing facility sale progress
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July 1, 2015
06:07 EDTCNITChina Information forms special committee to consider 'going private' proposal
China Information announced that its board has formed a special committee to consider the previously announced non-binding "going private" proposal that the board received from the company's chairman and CEO, Jianghuai Lin and three other individuals on June 19. In that proposal, the Buyer Group stated that it intends to acquire all of the outstanding ordinary shares of the company not currently owned by the Buyer Group in a "going private" transaction. The Special Committee intends to retain independent legal and financial advisors to assist it in its work.
June 30, 2015
06:06 EDTCNITChina Information enters strategic agreement with Guizhou Dianxian Media
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June 26, 2015
06:04 EDTCNITChina Information promotes Guangzeng Chen to Chief Product Officer
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June 24, 2015
06:05 EDTCNITChina Information signs strategic agreement with Linyi municipal government
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June 22, 2015
09:14 EDTCNITOn The Fly: Pre-market Movers
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06:09 EDTCNITChina Information receives preliminary non-binding 'going private' proposal
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