Softbank Investment International (HK0648) Message Board

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Technology Stocks : Softbank Investment International (HK0648)

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To: Maika who wrote (579)	7/19/2001 11:20:24 PM
From: ms.smartest.person	Read Replies (1) of 615

Barb, Surfing the web, I ran across Lycos HK and some info on SBISF. It is from April 24 and I am not exactly sure what to make of it. I do not remember seeing this (have not checked the posts on the board). hk.finance.lycosasia.com 09:47 SOFTBANK INV<0648> - Announcement (2) Sumoton is an investment holding company incorporated under the laws of the British Virgin Islands. It holds interests in certain Internet related businesses in the Philippines, including the provision of Internet access and e-commerce platform. REASON FOR THE TRANSACTION The Directors are of the view that the Transaction will enable the Company to broaden its market base in its Internet related businesses and assist the Company in expanding into the Philippines. The Transaction constitutes a share transaction for the Company under the Listing Rules. Completion of the Transaction is conditional upon the approval by the Stock Exchange for the listing of and permission to deal in the Consideration Shares. Application will be made to the Stock Exchange for the listing of and permission to deal in the Consideration Shares. INFORMATION RELATING TO THE COMPANY The Company is principally engaged in dyestuff distribution, household fabric and garment manufacturing and property and other investments. The Company is in the process of diversifying its business activities to include Internet and Internet-related investments. `Company' Softbank Investment International (Strategic)Limited, a company incorporated in Hong Kong with limited liability and whose shares are listed on the Stock Exchange `Consideration Shares' 19,475,000 new Shares to be issued at HK$1.00 per Share `Digicom Resources' Digicom Resources Limited, a company incorporated in the British Virgin Islands, the ultimate beneficial owner of which is an independent third party not connected with the Directors, chief executive or substantial shareholders of the Company or any of their subsidiaries or any of their respective associates (as defined in the Listing Rules) `Directors' directors of the Company `Listing Rules' Rules Governing the Listing of Securities on the Stock Exchange `HK$' Hong Kong dollars `Philippines' The Republic of the Philippines `Sale and Purchase Agreement' The sale and purchase agreement dated 23 April 2001 entered into between the Company and Digicom Resources relating to the Transaction `Share(s)' ordinary share(s) of HK$0.10 each in the share capital of the Company `Stock Exchange' The Stock Exchange of Hong Kong Limited `Sumoton' Sumoton Investment Limited, a company incorporated in the British Virgin Islands with limited liability `Transaction' the acquisition by the Company of the entire issued share capital of Sumoton By Order of the Board Wong Sin Just Chief Executive Officer Hong Kong, 23 April 2001 There is a long list of announcements at this link: hk.finance.lycosasia.com

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