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To: ms.smartest.person who wrote (185)1/30/2001 1:29:09 AM
From: ms.smartest.person  Respond to of 2248
 
10:50 30-JAN-2001 tom.com (8001-HK) faces provisions for music website closure

ww5.e-finet.com

John Henderson, chairman of OneAsia.com ¡V a music sale website 33 pct-owned by tom.com, said last week that the company had terminated operations and is planning to dispose of its assets for cash.

The fund will be returned to shareholders and debtors. Some analysts estimated that tom.com may not need to make full provision for the project.

tom.com has acquired approximately 33 pct stake in OneAsia.com for US$4.2 million (approximately HK$32.55 million) plus shares last year.
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