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China Finance Online to acquire Stockstar.com
By AMY CHEUNG
Published: August 16, 2006 12:00 AM
China Finance Online Co. Limited, a leading Chinese online financial information and listed company data provider, today announced in a statemnent that it will acquire Stockstar Information Technology (Shanghai) Comapny Limited. Established in 1996, Stockstar.com is one of the leading finance and securities websites in China. According to the definitive agreements, CFO and an affiliate will pay 6.5 million Us dollars and 12 million yuan, respectively, for an aggregate consideration of approximately 8 million US dollars, in exchange for 100 percent of the equity of Stockstar and 100 percent of the equity of a related company that operates Stockstar.com. Upon completion of the acquisition, Stockstar will become a wholly-owned subsidiary of China Finance Online.
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