CDC wants court to OK settlement with APOL, equity security holders

By Lisa Kerner

Charlotte, N.C., July 20 - CDC Corp. asked the court to approve a compromise and settlement with Asia Pacific On-Line Ltd. (APOL), Nicola Chu Ming Nga, Antony Ren Haw Ip a/k/a Antony Yip and the official committee of equity security holders, according to court documents filed July 20 with the U.S. Bankruptcy Court for the Northern District of Georgia.

The settlement agreement resolves the dispute regarding the APOL $2.61 options and the APOL restricted stock awards and memorializes the agreement that resulted in the withdrawal of the China.com plan, the filing said.

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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