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2007-8-13 01:32:00 p.m. HKT, XFNA
BROKER CALL - China's Tom Online kept 'overweight' - Morgan Stanley
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BEIJING (XFN-ASIA) - Morgan Stanley has maintained its ""overweight""
rating on China's Tom Online, following shareholders approval of a
privatization proposal by the company's parent, Tom Group Ltd.
According to Tom Online, 96 pct of the shareholders voted for the buyout
plan.
The last day of trading for Tom Online will be Aug 27.
The buyout price of 1.52 hkd per share implies 4-9 pct relative upside to
the current trading price in Hong Kong.
At the end of trading on the Nasdaq in New York last Friday, Tom Online
was up 0.58 usd, or 4.01 pct, at 15.03 usd.
(1 usd = 7.56 yuan)
joshua.lipes@xfn.com
jl/kmq xfnjps/xfnkm
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