TOM.COM TO ACQUIRE 49PCT OF CHINA MEDIA, ADVERTISING CO.

AsiaPulse News | October 13, 2000 | Copyright

(Full text of a statement. Contact details below.)

HONG KONG, October 11 HK PRNewswire-AsiaNet - TOM.COM LIMITED ("TOM.COM" or "TOM") announced today that it has signed a framework agreement to acquire 49% or more (up to the maximum permitted by Mainland China laws) of the entire equity interest of Kunming Fench Star Information Industry Co. Ltd. ("Fench Star"), one of the largest outdoor media and advertising companies in Mainland China. Under the agreement, TOM will procure one or more purely domestic Mainland China companies to acquire the balance of the Fench ...

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