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2007-8-10 03:24:00 p.m. HKT, XFNA
Hong Kong's Tom Online shareholders approve parent's privatization plan
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HONG KONG (XFN-ASIA) - Tom Online Inc said its shareholders have approved
the plan by parent Tom Group Ltd to take the company private.
Tom Online will be de-listed from the Hong Kong stock exchange on Sept 3,
Tom Group said, adding that the last day of trading in Tom Online shares will
take place on Aug 27.
Under the proposal, Tom Group will pay 1.52 hkd in cash for each of Tom
Online's Hong Kong-listed shares that it does not already own, and 15.564 usd
each for the unit's American depositary shares (ADS).
roby.lau@xfn.com
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