irasia.com


Hutchison Whampoa Limited

Press statement

TOM.COM LIMITED (TOM) terminated its sponsorship agreement with International Merchandising Corporation (IMC) in March 2001 with respect to the League A sponsorship under the China Football Association. On termination of the agreement, TOM immediately settled all payments due to IMC under the terms of the agreement.

In accordance with the agreement, all remaining issues have been referred to arbitration. Given that issues remain for arbitration between the two parties and that the parties are bound by confidentiality provisions, it is not appropriate for TOM to comment further at this stage.

- End -

For press enquiries, please contact: -
Rachel Chan, TOM.COM LIMITED;
Tel: 9400 0979; Fax: 2127 7576
e-mail: rachelc@hk.tom.com


Source: Hutchison Whampoa Limited
  • Press Releases
  • Company's Index
  • irasia.com

  • © Copyright 1996-2024 irasia.com Ltd. All rights reserved.
    DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website.
    TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited.
    TERMS OF USE: Please read the Terms of Use governing the use of our website.