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2008-5-23 06:36:00 p.m. HKT, XFNA
HK's Tom Group to buy remaining 25 pct of Huanjian Shumeng Network
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HONG KONG (XFN-ASIA) - Tom Group Ltd said it has agreed to buy the remaining 25
pct stake in Beijing Huanjian Shumeng Network Technology Ltd (HJSM) for 5 mln
yuan.
HJSM will become a wholly owned unit of Tom Group after the acquisition.
HJSM operates a website which provides original Chinese novels to users.
(1 use = 7.0 yuan)
roby.lau@xfn.com
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