Blackstone completes acquisition of Global Sources

Hong Kong, 28th August: Earlier this week, Global Sources announced that funds affiliated with Blackstone, a private equity group, had completed its acquisition of Global Sources.

In a special general meeting held on 24th July, a majority of Global Sources’ shareholders voted in favour of the acquisition. Each issued and outstanding common share will now convert into the right to receive the amount of US$20 in cash, without interest.