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Technology Stocks : Softbank Investment International (HK0648)

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To: ms.smartest.person who wrote (605)	1/21/2004 11:48:57 PM
From: ms.smartest.person	Read Replies (1) of 615

17 Dec 2003 Softbank (0648) to sell inv projects for profit (Infocast News) Softbank Investment (0648) CEO Wong Sin Just said the company will make use of the improving market situation in the coming six months to dispose of lucrative investment projects for cash. He believes the disposals will bring considerable profits. On the other hand, he said that Ctrip, in which the company acquired a 3.25% stake for US$1 million in 2000, got listed on the Nasdaq on December 9 and has a market value of US$629 million in this month. The value of the 3.25% stake in Ctrip has risen by 19.4x to US$20.4 million now and Softbank does not rule out the probability of selling the stake, he said. Ctrip is engaged in businesses of online hotel booking and air ticket sales. InfocastFN.com © Copyright 1998-2004 by Infocast Ltd. All Rights Reserved [ DISCLAIMER ] infocastfn.com

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