TOM ONLINE TO BE DELISTED FROM HK AND NASDAQ
AsiaInfo Services, April, 2007
AsiaInfo Services 04-30-2007 TOM Online to be Delisted from HK and Nasdaq SHANGHAI, Apr 30, 2007 (SinoCast via COMTEX) -- Privatization plan of TOM Online Inc. (SEHK: 8282) was approved by the general meeting of shareholders, Chinese media reported. Being a leading wireless Internet firm and a provider value-added products and services in China, the company is dual-listed on both GEM (Growth Enterprise Market) of Hong Kong and Nasdaq. After the privatization, it will be delisted from the two stock exchanges, according to a posted statement from the company. TOM Group, parent of TOM Online, on March 12 announced that it planned to privatize TOM Online for HKD 1.52 apiece, which represented a premium of 22% from HKD 1.14 earlier, as well as a rise of 1.3% from HKD...
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