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Fordoo (02399) may buy stake in SOE, securities dealing biz

  China Fordoo Holdings (02399) said it is 
considering the potential acquisition of 10% equity interest in a state-owned company from
an independent third party. 
  The state-owned company is an investment holding company incorporated and registered in 
Tianjin with a number of direct and indirect subsidiaries operating in a diverse range of 
businesses, including import and export businesses, wholesales and retails of various 
goods, property development, leasing of properties and logistic services. 
  Fordoo is also in discussion with an independent third party, in relation to the  
potential acquisition of a controlling equity interest in a Hong Kong investment holding  
company with wholly owned subsidiaries which are mainly licensed corporations. The  
licensed corporations can conduct Type 1 (dealing in securities), Type 4 (advising on 
securities) and Type 9 (asset management) regulated activities under the SFO.

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