HotCopper Launches New Service as Bourse Moves to Acquire It
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Bourse Data said it currently owns 94.80 per cent of the company, after offering one for every six HotCopper shares in a move to take over the trading forum site three weeks after its debut on the Australian Stock Exchange (ASX) in January.
Meanwhile, HotCopper has launched NetInvestor, an information resource service for investment planning, providing latest news from the ASX and financial newswires, ASX company announcements and current share prices.
The service also offers news from international stock markets, currency exchange rates, and lending rates from Australian banks and financial institutions.
NetInvestor will be incorporated into HotCopper's existing site, an online forum where Australian investors are able to exchange news, views and advice about investment options, and access an online bookshop offering financial books, software and newsletters.
The site has 42,000 registered members and attracts between four and six million page impression per month, according to the company.