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Sky-mobi Limited (MOBI) Shareholders Approve Proposed Merger

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Sky-mobi Limited Announces Shareholder Approval of Merger Agreement

November 16, 2016 5:10 AM EST

HANGZHOU, China, Nov. 16, 2016 (GLOBE NEWSWIRE) -- Sky-mobi Limited (Sky-mobi or the Company) (Nasdaq: MOBI), a mobile application platform and game publisher in China, today announced that, at an extraordinary general meeting held today, the Companys shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger dated August 22, 2016 (the Merger Agreement), among the Company, Amber Shining Investment Limited (Parent) and Power Rich Limited (Merger Sub), pursuant to which, Merger Sub will be merged with and into the Company with the Company continuing as the surviving company and... More