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U.S. Hedge Fund Aristeia Capital Is Seeking Seats on the Board of China’s Sina Corp

fortune.com

U.S. hedge fund Aristeia Capital LLC proposed late on Monday to add two directors to the board of Sina Corp ( sina ) , to push for corporate governance change and potential divestiture to lift the share price of the Chinese social media company.

The Greenwich, Connecticut-based fund–which owns 3.19% of Sina, according to Thomson Reuters' data–called Sina's five-member board of directors "entrenched" and started a proxy fight with a call to expand it with its two nominees...

Mentions: Corporate Governance Hedge Fund Proxy Fight