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2005-4-4 04:04:00 p.m. HKT, XFNA
STOCK ALERT - HK-listed Zida Computer surges on change in major shareholder
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HONG KONG (XFN-ASIA) - Zida Computer Technologies Ltd was sharply higher
in late trade after announcing that its existing major shareholder has
entered into an agreement for selling a 72.46 pct stake to True Ever Group
for 62 mln hkd, dealers said.
The stock was up 0.295 hkd or 86 pct to 0.66.
Dealers said some investors are buying the stock on optimism over the
change in the company's management.
True Ever has made an unconditional offer to buy all of Zida's shares
under Hong Kong's takeover rules. True Ever intends to keep Zida's business
and its main board listing.
(1 usd = 7.8 hkd)
leonora.walet@xfn.com
lw/rc
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