Bottom line: The intensifying spat between Sina and a dissident shareholder is likely to ultimately cool down without any legal action, and could see the addition of 1-2 new independent directors to its board.
The battle for reform at Internet stalwart Sina (Nasdaq: SINA) has taken a somewhat nasty twist, with a dissident shareholder threatening legal or other action following a power play by longtime CEO Charles Chao to deprive min...
Bottom line: A dissident shareholder's proxy battle for a seat on Sina's board stands a chance of success, but the odds are probably 40 percent or lower due to large holdings by Sina's CEO.
One of the more lively investor plays to shake up an insular US-listed Chinese company is taking place at Internet stalwart Sina (Nasdaq: SINA), with a flurry of he-said-she-said statements coming from the company and dissident shareholde...