Reuters Takes Stake in Chinese Online Financial Information Provider, ChinaWeb
Reuters (LSE: RTR, NASDAQ: RTRSY), the global information company, today announced that it has taken a minority stake in ChinaWeb, one of the largest online financial information providers in China.
ChinaWeb's principal operating business, Hexun, is one of the largest independent online financial websites in China. Hexun is a well-established brand name amongst investors, with nearly 50 million unique users per month and generating approximately 670 million page views per month.
ChinaWeb had gross assets of £2.6 million as at 4 February, 2008. Financial terms of the all cash transaction were not disclosed.
This press release may be deemed to include forward-looking statements relating to Reuters within the meaning of the United States Private Securities Litigation Reform Act of 1995. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Annual Report and Form 20-F 2006 under the heading ‘Risk Factors', as well as ‘Risk Factors' in the Reuters combined shareholder circular, scheme document and prospectus of Thomson Reuters PLC (together, the “Circular”). Copies of the Annual Report and Form 20-F 2006 and the Circular are available on request from Reuters Group PLC, South Colonnade, Canary Wharf, London E14 5EP. Any forward-looking statements made by or on behalf of Reuters speak only as of the date they are made, and Reuters does not undertake to update any forward-looking statements.
Enquiries:
Victoria Brough, Global Head of Financial PR
Tel: +44 (0)20 7542 8763
Email: victoria.brough@reuters.com
Ty Trippet, Director, Public Relations
Tel: +1 646 223 4386
Email: ty.trippet@reuters.com