Rochester,NY 7/9/2009 10:06:53 PM
CHINA - CDC Corporation Broadcast the Filing of their Annual Report on Form 20-F for December 31, 2008 - Sourced WhisperFromWallStreet.com
CDC Corporation
CHINA - CDC Corporation Broadcast the Filing of their Annual Report on Form 20-F for December 31, 2008 - Sourced WhisperFromWallStreet.com
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CDC Corporation,CHINA
Real-Time: 1.39 Up 0.03 (2.21%) 10:40am ET
COMPANY NEWS
CDC Corporation, a global enterprise software and new media company, announced today that it filed its Annual Report on Form 20-F for the year ended December 31, 2008 with the Securities and Exchange Commission, on June 30, 2009. The 20-F discloses the remediation of the company’s material weaknesses in internal controls over financial reporting that existed at December 31, 2007. Further, there were no new material weaknesses disclosed for the year ended December 31, 2008. “We are very pleased to have remediated all of our previously-disclosed material weaknesses in the area of certain tax, treasury and financial reporting,” said Peter Yip, CEO of CDC Corporation.
COMPANY INFORMATION
CDC Corporation operates as an enterprise software and media company. Its Software segment offers enterprise software applications and related services. The software suite includes enterprise resource planning, customer relationship management, supply chain management, order management systems, human resources and payroll management, and business intelligence products. This segment?s products are designed to support and automate the processes of an organization to help achieve company-wide integration of business and technical information across multiple divisions and organizational boundaries, such as finance, manufacturing, logistics, human resources, marketing, sales, and customer service. The company?s Global Services offers information technology services, eBusiness consulting, Web development, and outsourcing in Australia and the United States; and marketing database and marketing support services principally in Australia and New Zealand.
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