Tom.com completes debut CB

The media group takes an opportunistic view of market conditions.

Tom.com, the Greater China media group controlled by Li Ka Shing group companies, completed the largest ever convertible from Hong Kong's GEM market yesterday (Thursday), raising $150 million. With Citigroup and Deutsche Bank as joint lead managers, the group also increased the deal slightly via the greenshoe, which was raised from $25 million to $35 million.

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