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NWD (0017): wins case against Tony Qu Jianping & Prediwave
Company announcement, 2-Jan-2007
Note: Webb-site urged shareholders to reject the privatisation of New World TMT Ltd last February, because of the possible recovery in this case, for which nothing was offered by NWD. We have now been proven right, and this is possibly the biggest windfall in the history of privatisations by controlling shareholders. Update: the eventual recovery by 30-Jun-2008 was HK$2025.1m, or $2.13 per TMT share, of which 79% was by 30-Jun-2007 . NWTMT was privatised at $0.75.
Organisations
- NEW WORLD DEVELOPMENT COMPANY LIMITED 新世界發展有限公司
- NEW WORLD TMT LIMITED 新世界信息科技有限公司
- PrediWave Corporation
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