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IT: Unicom share reform
Updated: 2006-04-06 14:34
China United Telecommunications Corp, the smaller of the mainland's two
mobile carriers, said yesterday it would offer 2.3 shares for every 10 held,
compensation for a planned float of State-owned stock. The shares were suspended
on Monday when the company said it would enter the national programme under
which mainland's publicly listed companies are floating up to US$250 billion in
non-tradable state shares. (HK Edition)
More than 600 Chinese Internet marketing agencies have accused the big-name
search engines like Google and Baidu of breach of contract, whhich may put them
out of business. 637 search engine marketing agencies issued a statement
complaining that the major search engines have stepped in to snatch away clients
directly, in violation of contracts that ensures these agencies act as
intermediaries to expand the market. (Xinhua)
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