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2007-8-13 10:49:00 a.m. HKT, XFNA
STOCK ALERT - HK's Tom Online up sharply after parent's buyout plan approved
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HONG KONG (XFN-ASIA) - Tom Online Inc was sharply higher after its
shareholders approved the plan last Friday by parent Tom Group Ltd to take
the unit private, dealers said.
The stock was up 0.01 hkd or 7.86 pct at 1.51, while parent Tom Group was
up 0.01 hkd or 1.33 pct at 0.76.
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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