December 3 messages, TOM Group (2383.HK) today issued a public notice, denied Facebook investment. Last week, foreign media reports, TOM Group Chairman Li Ka-shing 60 million U.S. dollars investment in Facebook, affected by the news, TOM Group shares rose early on the top 53% to 0.92 Hong Kong dollars.
TOM Group announced a stake in Facebook, denied the rumors and said that today's stock price rose mainly stimulated by the rumors. Today morning, TOM Group, the highest share price rose 53% to 0.92 Hong Kong dollars.
TOM Group announced the full text:
TOM Group Limited, the Board noted that some newspapers have reported that Li Ka Shing Foundation has invested in the U.S. social networking site Facebook, the investment will promote the site with the company more closely ties. The company did not make any investment in Facebook. The Company from time to time to seek investment opportunities and other business alliances. If the Company to implement any of the Hong Kong Stock Exchange Listing Rules to disclose the transactions to be made, the Company will comply with the relevant provisions of the Listing Rules.
The Board has noted today's increase in share price and trading volume, in addition to the above, I hereby declare that the Company is not aware of any reasons for such increases.
Order of the Board
Executive Director of TOM Group Limited Mak Shu-fen
Hong Kong, December 3, 2007