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Article: China Finance Online Enters Into Agreement to Acquire Stockstar.com.
- Article from:
- PR Newswire
- Article date:
- August 15, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Aug. 15 /Xinhua-PRNewswire/ -- China Finance Online Co. Limited ("CFO"), a leading Chinese online financial information and listed company data provider, today announced that it entered into definitive agreements on August 15, 2006 to acquire Stockstar Information Technology (Shanghai) Company Limited ("Stockstar"). According to the definitive agreements, CFO and an affiliate will pay US$6.5 million and RMB12 million, respectively, for an aggregate consideration of approximately US$8 million, in exchange for 100% of the equity of Stockstar and 100% of the equity of a related company that operates Stockstar.com. Established in 1996, Stockstar.com is one of the ...