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Cents and Sensibility
Webb-site.com, 11-Jul-2000
Internet incubator E1 Media, the largest shareholder of Pacific Challenge Holdings Ltd, has failed in a blatant attempt to siphon HK$170m of cash out of PCH in return for a wildly over-valued Cents.com Ltd. In a rare success for minority shareholders, the deal was overturned. We look into the background and tell you how it happened...

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