Softbank Investment International (HK0648) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Softbank Investment International (HK0648)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bud Smith who wrote (195)	3/2/2000
From: lady luck	of 615

Here is another article in regards to the GoodWill purchase finet.com.hk Market News Related Quotes 0648 CHEUNG WAH DEV 10.850 0378 GOODWILL INV 3.275 10:01 02-MAR-2000 Cheung Wah <0648.HK> to buy 5.57 pct of Goodwill HONG KONG, March 2 (Reuters) - Cheung Wah Development Co said on Thursday it will fund a HK$78 million acquisition of a 5.57 percent stake in Goodwill Investment (Holdings) Ltd <0378.HK> primarily from proceeds of its share issue to Softbank Corp <9984.T>. Cheung Wah, which is changing its name to Softbank Investment International (Strategic) Ltd, said in a published statement it will subscribe for 65 million new shares in Goodwill Investment at a price of HK$1.20 per share. Softbank is investing in HK$207.5 million for 61.5 percent of Cheung Wah, a dyestuffs distributor and fabric and garment maker, in a deal to be completed March 10. The locally listed company will serve as an Internet investment vehicle. Cheung Wah said the Goodwill investment is consistent with its intention to diversify its activities into investment in companies conducting Internet-related activities. Goodwill Investment aims to become a provider of comprehensive financial and related technology advisory services to Internet and high technology-related companies, it said. ((Hong Kong Newsroom +852 2843-6345, Fax +852 2845-0636 hongkong.newsroom@reuters.com)) . Next News: Ocean-Land <0217.HK> raises HK$196 mln by new shrs Previous News: *GLANCE-Asia-Pacific news* Copyright(C) Reuters Limited 1999. All rights reserved

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next