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Article: Global Sources acquires 10% stake in China's B2B firm HC.

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China Business News
Article date:
May 29, 2006
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Global Sources acquires 10% stake in China's B2B firm HC

Shanghai. May 29. INTERFAX-CHINA - Global Sources (NASDAQ: GSOL), a leading integrated B2B portal, magazine, and trade show provider, will acquire a 10% stake in Hong Kong GEM listed HC International, a Chinese B2B e-commerce service provider, according to HC spokesperson York Yao.

Under the strategic investment, Global Sources will acquire 10% of HC International's issued shares from IDG Technology Venture Investment Inc. (IDGVC). The company will be allowed to increase its equity stake in HC to ...

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