Tom Online Postpones Privatization Plans
June 8, 2007 |
Print
|
Email
| Category: Internet
Tom Group and Tom Online have jointly announced plans to postpone a special court meeting and shareholder meeting scheduled today for the privatization of Tom Online.
According to local media, the company wants to leave more time for the shareholders to think about the privatization idea. Tom Group's application has been postponed until August 3, 2007.
In March this year, Tom Group announced plans to have Tom Online privatized. Later in April, the privatization resolution was passed by 99.3% of the company's shareholders at a special shareholder meeting.
Tom Group believes that Tom Online will have more decision making power once it is privatized. Affected by new wireless operational policies in China, Tom Online's total revenues in the first quarter of this year dropped by 26% compared with the same period of last year.
Join our China Tech Forum to discuss many more topics!
Leave A Comment:
-
Business
-
Commentary
- Focusing On The Bigger Picture With China's Green Dam Security Software
- Chinese Mobile Phones Lacking IMEI Numbers Face Death In India
- What Is China's Internet Marketing Outlook For 2009?
- China's Baidu.com: Drugged And Screaming For Better Management
- Benchmarks For Corporate Computer Efficiency In China
-
Computing
- Green Computers Donated To Chinese Schools
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites
- Hasee To Set Up R&D Center In Taiwan
- Into Africa: China Great Wall Computer Arranges JV In Algeria
-
Gadgets & Electronics
-
Internet
-
Law & Policy
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- Campaign Launched Against Chinese Internet "Cultural Irregularities"
- China Implements Stricter Management Of Virtual Currency
- "Sex" Will Be Taboo On Chinese Internet From July 1
- Sogou Sues Tencent Over Unfair Competition In China



































