Charm Communications Inc. Announces Cash Dividend
BEIJING, March 18, 2013 / PRNewswire-FirstCall
Charm Communications Inc. (NASDAQ: CHRM) (”Charm” or the “Company”), a leading advertising agency in China, announced today that it will pay a cash dividend of US$0.25 per ordinary share, which is equivalent to US$0.50 per American depositary share (”ADS”). Each ADS represents two ordinary shares. The Company will pay the dividend on May 15, 2013 to shareholders of record and ADS holders of record as of the close of business on April 1, 2013.
“We are committed to delivering value to our shareholders, especially those who have stayed with us despite the challenging market conditions in 2012,” said Mr. He Dang, Charm’s founder, chairman and chief executive officer. “We are confident in the long-term success of our business, and our board deemed it possible to continue our dividend program given our cash balance, operating performance, potential market risks and long-term capital requirements related to investments and acquisitions.”
Charm Communications Inc. (NASDAQ: CHRM) is a leading advertising agency group in China that offers integrated advertising services with particular focus on television and the internet. Charm’s integrated advertising services include full media planning and buying, as well as creative and branding services. Charm has built a full service digital advertising platform, which offers digital campaign capabilities across all key digital media, including search engines, display portals, online video sites and social networking services. Charm also secures advertising inventory and other advertising rights, such as sponsorships and branded content, from premium media networks and resells to clients as part of its integrated media offerings. Charm’s clients include China’s top domestic brands, as well as some major international brands, across a wide range of industries. Since 2003 Charm has been the top agency every year for China’s leading television network, China Central Television (”CCTV”). For more information, please go to http://ir.charmgroup.cn.