Hong Kong, March 6, 2000
— China.com Corporation (NASDAQ: CHINA; website: www.corp.china.com ) announced today that its Board of Directors has approved a 2-for-1 stock split, subject to shareholder approval.
An Extraordinary General Meeting of Shareholders to approve the stock split will be held on April 28th, 2000. Shareholders of record as of the close of trading on Thursday, March 16th, 2000, will be entitled to vote at the meeting.
If approved, each China.com Corporation shareholder of record at the close of trading on the record date for the split, April 28th, 2000, will be entitled to receive two China.com Corporation Class A Shares for every one Class A Share held on that record date.
About chinadotcom corporation
chinadotcom corporation (NASDAQ: CHINA) is the leading pan-Asian Internet company built on an integrated operating and investment business model. 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 also invests in synergistic internet companies throughout Asia-Pacific that add value and depth to its services and portal channels. chinadotcom corporation's investment strategy is largely based on three types of investments. The first, incubation - through chinadotcom corporation's Jump Start program - supports seeding of new companies and incubates Internet start-ups. For example, chinadotcom corporation's investment in, and development of, looks.com has created a highly popular Asian beauty and fashion on-line retailer. The second, acceleration, builds on existing businesses and accelerates the growth of the existing on-line services, while the third category of investments, partnership, enables chinadotcom corporation to join with established Internet companies to accelerate their entry into the Asian market.
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 1000 employees in 24 offices across 10 Asian markets, including Australia, Hong Kong, Japan, Korea, Malaysia, Singapore, and Taiwan. In Mainland China, the company has nine offices and over 300 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.
For More Information