Hurray to incorporate with Enlight Media: Market hearsay

Mon. November 12, 2007; Posted: 03:32 AM

BEIJING, Nov 12, 2007 (Xinhua via COMTEX) -- NTES | charts | news | PowerRating -- Market hearsay goes that Hurray! Holdings Co., Ltd. (HRAY.NASDAQ) will incorporate with Enlight Media, a leading multi-media service and video contents provider and operator in China.

Analysts believe that Enlight Media aims to realize back-door listing through the incorporation to accelerate its new operation strategies and to expand circulation, according to Netease.com report.

As the two parties have similar market value, Hurray may hold 45 percent shares of the new company and Enlight Media 55 percent, and Wang Changtian, the CEO of Enlight Media, may take charge of the new company, the hearsay goes.

Hurray declined to comment on the hearsay.

For full details on Netease.com Inc (NTES) click here. Netease.com Inc (NTES) has Short Term PowerRatings of 5. Details on Netease.com Inc (NTES) Short Term PowerRatings is available at This Link.

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