UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of
Report (date of earliest event reported): September 2,
2010
ChinaNet Online Holdings,
Inc.
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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000-52672
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20-4672080
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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No.3
Min Zhuang Road, Building 6,
Yu
Quan Hui Gu Tuspark, Haidian District, Beijing, PRC
100195
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(Address
of Principal Executive Offices and Zip
Code)
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Registrant’s
telephone number, including area code: +86-10-51600828
____________________________________
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
Transfer
of Listing
On
September 2, 2010, we received a letter from the NASDAQ Stock Market LLC
(“NASDAQ”) approving our application to list our common stock on the NASDAQ
Global Market. On June 10, 2010, our Board of Directors authorized
the officers of our company to apply for the listing of our common stock on
NASDAQ and withdraw the listing of our common stock from the NYSE Amex stock
exchange (the “NYSE AMEX”). We provided NYSE Amex with written notice
on September 3, 2010 of our intention to withdraw the listing of our common
stock from NYSE Amex. We expect that our common stock will begin
trading on the NASDAQ Global Market under the symbol “CNET” on September 14,
2010. Our common stock will continue to trade on NYSE Amex until
market close on September 13, 2010.
A copy of
the press release announcing the delisting of our stock from NYSE Amex and the
listing of our common stock on the NASDAQ Global Market is filed as Exhibit 99.1
to this Current Report on Form 8-K.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits:
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No.
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Description
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99.1
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Press
Release, dated September 3,
2010.
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2
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Dated: September
3, 2010
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ChinaNet
Online Holdings, Inc.
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By:
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/s/ Zhige Zhang | |
| Name: Zhige Zhang | |||
| Title: Chief Financial Officer | |||
3
EXHIBIT
INDEX
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Exhibit No.
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Description
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99.1
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Press
Release, dated September 3,
2010.
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4
ChinaNet Online Holdings To Begin
Trading on The NASDAQ
Global Market
BEIJING,
September 3 -- ChinaNet Online Holdings, Inc. ("ChinaNet", NYSE Amex: CNET), a
leading full-service media development, and internet technology company for
small and medium-sized enterprises (SMEs) in the People's Republic of China,
today announced that its board of directors has approved the decision to switch
the listing of its common stock from NYSE Amex to the NASDAQ Global Market and
that it has been approved for such listing. The Company currently expects that
its stock will commence trading on NASDAQ on September 14, 2010 and will
continue to be listed under the ticker symbol "CNET". The Company’s
common stock will continue to trade on the NYSE Amex until the market close on
September 13, 2010.
Announcing
the listing transition, Mr. Handong Cheng, Chairman and CEO of the Company,
said, "Given ChinaNet’s continued success and ongoing opportunities, moving to
the electronic market model will broaden our visibility to investors. We believe
that NASDAQ's market maker structure will also provide our company increased
trading liquidity, while at the same time providing investors with the best
prices and the fastest execution.”
About
ChinaNet Online Holdings, Inc.
The
Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in
the BVI ("ChinaNet"), is a leading full-service media development, and internet
technology company providing online advertising and brand management solutions
for small and medium-sized enterprises (SMEs) in China. The Company, through
certain contractual arrangements with operating companies in the PRC, provides
Internet advertising and other services for Chinese SMEs via its portal website
28.com, TV commercials and program production via China-Net TV, and in-house LCD
advertising on banking kiosks targeting Chinese banking patrons. Website:
http://www.chinanet-online.com .
Safe
Harbor
This
release contains certain "forward-looking statements" relating to the business
of ChinaNet Online Holdings, Inc., which can be identified by the use of
forward-looking terminology such as "believes," "expects," "anticipates,"
"estimates" or similar expressions. Such forward-looking statements involve
known and unknown risks and uncertainties, including business uncertainties
relating to government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general and other
factors that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected. Certain of
these risks and uncertainties are or will be described in greater detail in our
filings with the Securities and Exchange Commission. These forward-looking
statements are based on ChinaNet's current expectations and beliefs concerning
future developments and their potential effects on the company. There can be no
assurance that future developments affecting ChinaNet will be those anticipated
by ChinaNet. These forward-looking statements involve a number of risks,
uncertainties (some of which are beyond the control of the Company) or other
assumptions that may cause actual results or performance to be materially
different from those expressed or implied by such forward-looking statements.
ChinaNet undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities
laws.
For
further information, please contact:
HC
International, Inc.
Ted
Haberfield, Executive VP
Tel: +1-760-755-2716
Email:
thaberfield@hcinternational.net