TAIPEI, May 20, 2020 /PRNewswire/ -- GigaMedia Limited
(NASDAQ: GIGM) today announced that its Chief Executive Officer
Cheng-Ming Huang a.k.a. James Huang
has purchased a total of 110,190 shares of GigaMedia stock by
Pacific Star Universal Group Ltd. at an average price of
$2.452 on May 15th, 18th and
19th, 2020. The purchases were made during an open
window period and in full compliance with all company and legal
guidelines.
Mr. Cheng-Ming Huang now holds a
total of 983,259 shares, an ownership of around 8.90% in the
Company.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of digital entertainment services in
Taiwan and Hong Kong. GigaMedia's digital entertainment
service business is an innovative leader in Asia with growing capabilities of development,
distribution and operation of digital entertainments, as well as
platform services for games with a focus on mobile games and casual
games. More information on GigaMedia can be obtained from
www.gigamedia.com.tw
The statements included above and elsewhere in this press
release that are not historical in nature are "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. GigaMedia
cautions readers that forward-looking statements are based on the
company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those
contained in such forward-looking statements. Information as to
certain factors that could cause actual results to vary can be
found in GigaMedia's Annual Report on Form 20-F filed with the
United States Securities and Exchange Commission in April 2020.
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SOURCE GigaMedia Limited