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(July 27, 2007 ¡V Hong Kong) ¡V iBusinessCorporation.com Holdings Limited ("iBusiness" or the "Company"), a joint venture company which focuses on investing and developing innovative ventures in the areas of information technology and financial related services, announced changes to its shareholding structure.
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Following the purchase of a combined 23.75% of the entire issued share capital of iBusiness from The Hongkong and Shanghai Banking Corporation Limited and Hang Seng Bank Limited for a total consideration of HK$8.729 million, Cheung Kong (Holdings) Limited has increased its stake in the Company and is now the majority shareholder, with 73.31% of shares. The remaining 26.69% shares of the Company are held by Hutchison Whampoa Limited.
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Since its inception in 2000, iBusiness has made a number of innovative investments in the areas of information technology and financial related services, such as those in mReferral, AMTD, Excel Technology, as well as a host of e-commerce companies. Going forward, the Company shall continue to embrace this strategy and look for more investment opportunities.
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