TOM Group Denies Investment in Facebook
There was a buzz on the Web that Hong Kong billionaire Li Ka-shing, holds a majority stake in TOM Group has invested $60 million in Facebook, equivalent to 0.4 percent stake in Facebook, however TOM Group has denied such a report.
“TOM Group advised that it has not made any investment in Facebook,” said in a statement issued to the Hong Kong stock exchange, reported by Hong Kong newspaper 明報 (in Mandarin).
March 27th, 2008 at 9:55 am
[...] social networking site, i.e. Facebook, despite TOM Group, a company he holds a majority stake has denied the news before. According to the Sohu news, his mobile phone division, Hutchison-Whampoa’s mobile products [...]
March 27th, 2008 at 9:56 am
[...] social networking site, i.e. Facebook, despite TOM Group, a company he holds a majority stake has denied the news before. According to the Sohu news, his mobile phone division, Hutchison-Whampoa’s mobile products [...]