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Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (604)	1/21/2004 11:47:19 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 615

27 Nov 2003 Softbank (0648) sells 2% SBI E2 to SJ Wong instead (Infocast News) Softbank Investment International (Strategic) (0648) announced that the sale of a 2% stake in SBI E2-Capital Ltd to E2-Capital (Holdings) (0378) has been teminated and that the stake will be sold to Wong Sin Just, the Vice Chairman of Softbank Investment and a substantial shareholder of E2-Capital (Holdings), at the same consideration of $1.405 million. Upon completion of the deal, SBI E2-Capital will be held as to 49%, 49% and 2% by Softbank Investment, E2-Capital (Holdings) and Wong respectively. SBI E2-Capital is primarily involved in the provision of financial and related services including investment banking, securities and commodities broking and research. The directors of E2-Capital (Holdings) believed that the proposed acquisition will entail burdensome requirements on compliance with the Listing Rules. It has, therefore, decided to terminate the sale and purchase agreement. InfocastFN.com © Copyright 1998-2004 by Infocast Ltd. All Rights Reserved [ DISCLAIMER ] infocastfn.com