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Shaw Brothers Receives Offer of Share Purchase
Shanghai Daily--12-23-2008
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SHAW Brothers (Hong Kong) Ltd said its largest stockholder has made a HK$1.33-billion (US$172 million) offer to buy the shares in the firm it doesn't already own.
A trust controlled by Shaw Chairman Sir Run Run Shaw that owns 74.9 percent of the firm will offer HK$13.35 in cash for each remaining Shaw Brothers share, a filing to Hong Kong's stock exchange said yesterday. Shaw Brothers will resume trading in Hong Kong today.
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