Creative Announces Change in Director's Shareholding
Creative Announces Change in Director's Shareholding
SINGAPORE, Nov. 22 /PRNewswire-FirstCall/ -- Creative Technology Ltd (NASDAQ:CREAF), a worldwide leader in digital entertainment products, today announced that Sim Wong Hoo, chairman and CEO of Creative Technology Ltd, has sold 2 million of his Creative shares to Chay Kwong Soon, a co-founder of the company. With this sale, Sim Wong Hoo's shareholding in the company will be reduced from 31.15% to 28.75%.
About Creative
Creative is a worldwide leader in digital entertainment products. Famous for its Sound Blaster sound cards and for launching the multimedia revolution, Creative is now driving digital entertainment on the PC platform with products like its highly acclaimed ZEN(TM) portable audio and media players. Creative's innovative hardware, proprietary technology, applications and services leverage the Internet, enabling consumers to experience high-quality digital entertainment -- anytime, anywhere.
NOTE: Creative and the Creative logo are registered trademarks of Creative Technology Ltd. in the U.S. and other countries. All other brand and product names mentioned herein are either trademarks or registered trademarks of their respective owners and are thereby recognized as such.
First Call Analyst:
FCMN Contact: poshaughnessy@creativelabs.com
Source: Creative Technology Ltd
CONTACT: Wynne Leong of Creative Technology Ltd, (65) 6895 4120, or
wynne_leong@ctl.creative.com
Web site: http://www.creative.com/
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