HomeChina Stock News Delisting of TOM Online not to affect SP development in China, analysts
Delisting of TOM Online not to affect SP development in China, analysts
Written by Administrator
Tuesday, 28 August 2007
BEIJING, Aug. 29 (InfoChina) – Ruan Jingwen, vice president of market researcher iResearch noted that the delisting of TOM Online (HK: 8282, Nasdaq: TOMO) will not cast much negative impact on the Chinese SP industry and the enthusiasm of more SPs to go public in future.
China’s SP industry faces a development bottleneck for the time being and needs time for correction, said Ruan. Yet, in the long run, SPs have huge potentials for development, in view of the forthcoming 3G era.
TOM Online concluded its last trading at 1.5 dollars per share on August 27 and it will quit from HXEx on September 3.
Internet analyst, Lu Bowang, noted that TOM Group (HK:2383)’s privatization of TOM Online is not because TOM Online is too worst to cure. Instead it is out of the Group’s consideration of assets and business restructuring.(Edited by Chen Dongyi,
)
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