chinadotcom corporation Announces Terms Of Second Public Offering Of Common Stock

Hong Kong, January 21, 2000 — chinadotcom corporation (NASDAQ: CHINA) announced today it has completed a second public offering of common stock. A total of 4,650,000 shares were offered at an offering price of $85 per share, of which 3,487,500 shares were offered by the company, and 1,162,500 shares were offered by selling shareholders. In addition, the underwriters were granted a 30-day option to purchase 326,442 shares reflecting over-allotment. Lehman Brothers and Goldman, Sachs & Co. are acting as joint lead managers and bookrunners. Bear Stearns & Co, Inc., is acting as co-manager.

chinadotcom corporation (www.corp.china.com) intends to use the proceeds of this offering for capital expenditures, acquisitions, and expanding its sales and marketing operations. The proceeds will help the company to consolidate its position as the leading integrated Internet company in Asia.

A copy of a written prospectus can be obtained from Lehman Brothers by calling its New Syndicates Department in the United States at 516-254-7106.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.


About chinadotcom corporation

chinadotcom corporation is the first pan-Asian integrated Internet company listed in the United States (NASDAQ: CHINA). The company provides a full range of Internet services that; 1) build e-business strategies and solutions (Web Connection), 2) distribute content via its portal network (china.com, cww.com, hongkong.com, and taiwan.com), and 3) sell services through online advertising (24/7 Media Asia). chinadotcom corporation is committed to enabling digital communities to realize their full potential, thereby facilitating the development of the Internet in China and across Asia. The company has over 900 employees in 24 offices across 11 Asian markets, including Australia, Hong Kong, Japan, Korea, Malaysia, Singapore, and Taiwan. In Mainland China, the company has five offices and over 200 employees. Major corporate shareholders include America Online Inc., Mitsui & Co. Ltd., Nortel Network Corporation, Sun Microsystems Inc., New World Infrastructure Limited and 24/7 Media Inc. For more information about chinadotcom corporation, please visit www.corp.china.com

 

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