500.com Ltd (WBAI) Stake Owned by Tsinghua Unigroup International Company ., Ltd.
Tsinghua Unigroup International Company ., Ltd.
recently disclosed that they own a 36.6% stake in 500.com Ltd (NYSE:WBAI) in a Schedule 13D/A disclosure that was filed with the SEC on Friday, December 15th. The investor owns 122,161,010 shares of the stock valued at approximately $1,225,274,930. The reporting parties listed on the disclosure included Tsinghua Unigroup International Co, Ltd, Tsinghua Unigroup Capital Management Co, Ltd, Tsinghua Unigroup Co, Ltd and Zhao Weiguo. The disclosure is available through the SEC website at this link.
Separately, BidaskClub upgraded shares of 500.com from a “sell” rating to a “hold” rating in a research note on Saturday, September 2nd.
500.com Ltd (NYSE WBAI) traded down $0.19 during midday trading on Friday, hitting $10.03. 203,800 shares of the company traded hands, compared to its average volume of 212,126. 500.com Ltd has a 1 year low of $8.12 and a 1 year high of $15.70.
500.com Company Profile
500.com Limited is an online sports lottery service provider in China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers.
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