AutoNavi to Acquire New Premises in Beijing
17 8월 2012 - 8:00PM
AutoNavi Holdings Limited ("AutoNavi" or the "Company")
(Nasdaq:AMAP), a leading provider of digital map content and
navigation and location-based solutions in China, recently entered
into a set of agreements to acquire under-construction premises
with an aggregate gross floor area of approximately 27,000 square
meters in the Industrial Park of National Geographic Information
Technology in Beijing's Shunyi District. The location will serve
primarily as AutoNavi's new map data facility, while also
supporting the Company's overall expansion. The aggregate
consideration for acquiring the new premises is approximately
RMB270 million (USD42.9 million), to be paid in installments until
construction is completed and accepted. Approximately 40% of the
purchase price is expected to be paid by the end of this year.
Pursuant to the agreements, the premises will be delivered to
AutoNavi by the end of April 2014.
"As we grow our business and expand our team, we continue
to be challenged by office space limitations," commented Mr. Congwu
Cheng, chief executive officer of AutoNavi. "Our new office space
will enhance our ability to execute our core strategies,
particularly with respect to location-based-data content production
and integration. After careful evaluation of our evolving needs as
a growth-oriented company, we believe the purchase of additional
office space represents the best combination of workforce
efficiency and return on investment in support of our long-term
goals. Moreover, we are confident we will maintain a healthy
balance sheet, as well as strong and consistent business
operations."
About AutoNavi Holdings Limited
AutoNavi Holdings Limited (Nasdaq:AMAP) is a leading provider of
digital map content and navigation and location-based solutions in
China. At the core of its business is a comprehensive nationwide
digital map database that covers approximately 3.4 million
kilometers of roadway and over 20 million points of interest
across China. Through its digital map database and proprietary
technology platform, AutoNavi provides comprehensive, integrated
navigation and location-based solutions optimized for the Chinese
market and users, including automotive navigation solutions, mobile
location-based solutions and Internet location-based solutions, and
public sector and enterprise applications. For more information on
AutoNavi, please visit http://www.autonavi.com.
Forward Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. AutoNavi may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about AutoNavi's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: AutoNavi's
ability to adequately maintain and update its digital map database
and minimize errors in its solutions; its current reliance on the
automotive navigation market and a small number of customers for a
substantial portion of its revenues; the project-based nature of
its public sector and enterprise applications business; its limited
operating history in the mobile/Internet location-based solutions
markets; compliance with a complex set of laws, rules and
regulations governing its surveying and mapping and other
businesses in China; competition in the navigation and
location-based solutions businesses in China; and its ability to
manage its growth effectively and efficiently. Further information
regarding these and other risks is included in AutoNavi's annual
report on Form 20-F as well as in its other filings with the
Securities and Exchange Commission. All information provided in
this press release is current as of the date of the press release,
and AutoNavi undertakes no duty to update such information, except
as required under applicable law.
CONTACT: For investor and media inquiries please contact:
In China:
Serena Shi
AutoNavi Holdings Limited
Tel: +86-10-8410-7883
E-mail: serena.shi@autonavi.com
Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
E-mail: amap@ogilvy.com
In the U.S.:
Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
E-mail: amap@ogilvy.com
(MM) (NASDAQ:AMAP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
(MM) (NASDAQ:AMAP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024