CDC Corporation to Receive $6.5 Million Dividend from China.com

CDC Corporation CHIND today announced that the board of directors of China.com, its public listed new media portfolio company in Hong Kong, has approved a special dividend of $0.08 per share, or $8.2 million to shareholders. CDC Corporation owns approximately 79 percent of China.com and, as a result, is expected to receive $6.5 million in dividends from the planned issuance on Oct. 4, 2010. Most of the dividends received to date have been used by CDC Corporation to repurchase, through its wholly-owned subsidiary, CDC Delaware Corp., almost $126.8 million in principal amount of its 3.75 percent Senior Exchangeable Convertible Notes Due 2011 from all 11 original purchasers of the Notes, as well as for the repurchase of its own shares on the open market.