STOCKWAVE SOLD TO JAPANESE COMPANY
Stockwave, the Thai language stock news and securities information website, has been purchased by Japanese company Yakimayo Co. Limited.
The publication began life in 2001 as a daily (Monday to Friday) newspaper, but previous owners Bangkokstation Network took it entirely online in early 2008 when print publication costs became unsustainable. It subsequently became a stock news provider for the popular Thai portal Sanook.com, and claims 18,000 influential subscribers to its service.
Stockwave also provides business news and stock information in Japanese to current and potential Japanese investors. The sale is believed to have happened earlier in October.
Disclosure: Until Nov 2009 I was Executive Director for Bangkokstation Network.
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