GLOBAL SOURCES NOT TO BUY MORE SHARES IN HC INTERNATIONAL
AsiaInfo Services, June, 2007
AsiaInfo Services 06-20-2007 Global Sources Not to Buy More Shares in HC International SHANGHAI, Jun 20, 2007 (SinoCast via COMTEX) -- Trade Media Holdings Limited, a wholly-owned subsidiary of Global Sources Ltd. (NASDAQ: GSOL), will not buy additional shares in HC International Inc. (8292, HK), a leading B2B (business-to-business) services provider in China, in line with the announcement released by the Nasdaq-listed company at Nasdaq Stock Exchange on June 17, 2007. The lack of confidence in the Hong Kong-listed company's performance is the major reason for the shareholder's decision not to buy more shares, indicated Global Sources.
The Chinese company lost CNY 12.515 million in the first quarter of 2007, continuing the loss trend before. In addition, the...
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