Solina Chau
From Wikipedia, the free encyclopedia
- This is a Chinese name; the family name is Chau (周).
Solina Chau Hoi Shuen (周凱旋) (born ca. 1961) is a prominent businesswoman in Hong Kong, strategic business partner in the Cheung Kong Group, and director of the Li Ka Shing Foundation. She is also a major stockholder in Tom.com, a major publication and advertising company in the People's Republic of China.
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[edit] Biography
Chau attended the Diocesan Girls' School, Hong Kong, where she sat the Hong Kong Certificate of Education Examination in 1978. Upon her graduation, she went on to further study in Sydney, Australia[1].
[edit] Business career
In 1997, Chau set up Tom as a Cayman Island registered limited company as a minority (40%) partner together with Hutchison Whampoa and Cheung Kong Holdings in a series of transactions which netted her an estimated USD 11 million in cash[2] even before the company began to trade.
In 2002, Chau invested RMB ￥ 1 million into an interactive voice-recognition service provider, Beijing Leitingwuji Nework Technology Company Limited (北京雷霆无极网络科技有限公司)[3]. In September 2003, before the company was even profitable, she sold it to TOM Group for the sum of USD132 million. Its subsidiary TOM Online was then separately listed on the Growth Enterprise Market of the Hong Kong Stock Exchange in early 2004[4].
Chau remained a 9.998% shareholder in Tom Online until March 12, 2007, when Tom Group announced an offer for the outstanding shares in Tom Online, to take the company private. Chau also has a 24% stake in TOM Group prior to the announcement[5].
[edit] External links
[edit] References
- ^ Kong, Winnie (February, 2002). Solina H S Chau - Class of '78. Diocesan Girls' School. Retrieved on 2007-03-16.
- ^ Webb, David. "A Brief History of Tom", webbsite.com, March 21, 2000. Retrieved on 2007-03-16.
- ^ Tom.com rings in acquisition. Media Finance, Issue 36 (Oct 2003). Retrieved on 2007-03-16.
- ^ Yam, Shirley. "Solina Chau's Yuan 1m may lead to control of Tom Group", South China Morning Post, March 10, 2007, pp. B12. Retrieved on 2007-03-16.
- ^ TOM Group bids HK$1.57 bln to privatize TOM Online. Jongo News (2007-03-12). Retrieved on 2007-03-16.
