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Revision as of 16:31, 20 January 2010 by Cyberiene (talk | contribs) (→References)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Template:Chinese name 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.
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.
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 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). 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.
Chau remained a 9.998% shareholder in Tom Online until 12 March 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.
Solina was suspected by A few amongst her work friends as being a spy for the China Government, and although Li Ka Shing knew this, prefer to keep her close by so that he could keep an eye on her. She was also reputed to sell a business to Tom Dot Com in Hong Kong at a massivly inflated price, later she tried the same strategy with a company she created but funded by Li Ka shing to do the same with a company called imagic, through this company she tried to inflate the price and failed to get SEHK acceptance, as a result, evem thought he company was making money, sent her staff Ken Leung to shut down the company and make every one redundant, Even though she appears to care for Jobs and charity, ie learning in China, the truth of the matter is, Money is more important.
References
- Kong, Winnie (February, 2002). "Solina H S Chau - Class of '78". Diocesan Girls' School. Retrieved 16 March 2007.
{{cite web}}: Check date values in:|date=(help) - Webb, David (21 March 2000). "A Brief History of Tom". webbsite.com.
{{cite news}}:|access-date=requires|url=(help) - "Tom.com rings in acquisition". Media Finance, Issue 36. October 2003. Retrieved 16 March 2007.
- Yam, Shirley (10 March 2007). "Solina Chau's Yuan 1m may lead to control of Tom Group". South China Morning Post. pp. B12.
{{cite news}}:|access-date=requires|url=(help) - "TOM Group bids HK$1.57 bln to privatize TOM Online". Jongo News. 12 March 2007. Retrieved 16 March 2007.