People IPO application to be submitted to finance 527 million yuan A-share listing

People Limited Prospectus

BEIJING, Jan. 9 (Xinhua) this evening, to the Chinese People Inc. Commission submitted the prospectus, to be issued in the A-share listed 6910.57 million shares, raising funds of 527 million.

According to the prospectus shows that People is the largest shareholder, actual controller of the People’s Daily, People’s Daily and its wholly-owned sub-holding enterprises were state-owned shares of the company’s 164,900,000 shares, representing the total number of shares issued before of 79.54% (including the “Beijing Times” Society holds 1,700,000 shares, representing the total number of issued shares of 0.82% before).

prospectus, People’s main business by the Internet advertising business, information services, mobile value-added services and technical services in four aspects of the composition. In 2010, People’s Internet advertising revenue 16,845.42 million, an increase of 62.48%, total operating income ratio of 50.79%. January to June 2011, People’s Internet advertising revenue 13,023.64 million, total operating income ratio of 61.67%.

According to reports, the funds raised will be used to purchase equipment and software and other intangible assets, fixed assets, as well as upgrading technology platform to expand the project and editing platform upgrade.

issued the Audit Committee will be held on January 13 held a working conference, the Audit People starting applications.

It is reported that in People by 2011 the total assets of 710 million yuan, net assets of 574 million yuan. First half of 2011 revenues of $ 210 million net profit attributable to equity holders of 32,249,400 yuan, while in 2010 net profit attributable to equity holders of 81,648,400 yuan. (BEIJING, IT channel)

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