It is a subsidiary of the TOM Group, controlled by Li Ka Shing.
It set a record in Hong Kong when it listed: shares closed at 3.35 times its offer price on the first day of trade.
[2] Tom Group, which owned 66 percent of the company, announced in March 2007 that it would pay HK$1.57 billion to buy out minority shareholders in the company, valuing each share at HK$1.52.
[3] Morgan Stanley said in a report in March that the fair value for Tom Online would be HK$1.90 per share.
The delay in the vote was seen by an analyst that the company was "not confident about getting approval from majority shareholders for the deal...