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iCafe8 to Acquire Shanghai-Based Internet Cafe Service Firms
Shenzhen Stock Exchange, 9/10/13
Hangzhou-based internet cafe platform operator Shunwang (iCafe8) (300113.SZ) has reached a preliminary agreement with the shareholders of Shanghai-based internet cafe software developers Hintsoft and Paibo, as well as Shanghai-based online advertising firm Linkfield, to acquire 100% stakes in the three companies for a total sum not to exceed RMB 250 mln. Read More
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