SINA Urges Shareholders To Vote "AGAINST" Election Of Aristeia Nominees

(RTTNews) - SINA Corp. (SINA), an online media company serving China and the global Chinese communities, announced Tuesday that its Board of Directors unanimously recommends that shareholders vote "FOR" Yichen Zhang and vote "AGAINST" each of Aristeia's nominees on the WHITE proxy card TODAY.

SINA Board of Directors has sent a letter to shareholders in connection with the company's upcoming 2017 Annual General Meeting of Shareholders to be held on November 3.

The company noted that Aristeia Capital, L.L.C., a single shareholder that claims to own approximately 4.2% of SINA's shares, is seeking outsized influence over the SINABoard and its strategy by waging a proxy contest that seeks to implement value destructive ideas and proposals. To date, Aristeia's ideas include tax-inefficient transactions and likely impossible merger ideas.

SINA shareholders of record at the close of business on September 20 are entitled to attend and vote at the Annual General Meeting.