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CDC equityholders vote to accept amended joint reorganization plan
By Caroline Salls
Pittsburgh, Aug. 27 - CDC Corp.'s first amended joint plan of reorganization was accepted by a majority of voting equity interest holders, according to a Monday filing with the U.S. Bankruptcy Court for the Northern District of Georgia.
Specifically, holders of 25.43 million shares, or 99.9% of shares voted, accepted the plan, while holders of 25,710 shares, or 0.1% of shares voted, rejected it.
The plan confirmation hearing is scheduled for Thursday.
CDC, a Hong Kong- and Atlanta-based enterprise software and new media company, filed for bankruptcy on Oct. 4, 2011. Its Chapter 11 case number is 11-79079.
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