ZHONGSOU.COM LIKELY TO REORGANIZE EQUITY FOR NASDAQ LISTING
AsiaInfo Services, August, 2005
AsiaInfo Services 08-22-2005 Zhongsou.com Likely to Reorganize Equity for Nasdaq Listing BEIJING, Aug 22, 2005 (SinoCast via COMTEX) -- Chinese search firms begin to work on their ambitious plans, amid the rising share price of China's biggest online search company Baidu.com in the wake of its recent listing on the Nasdaq Stock Market.Fidelity of US, a world leading investment management firm, was reported widely to consider injecting USD 20 million in Zhongsou.com previously, which was piled up due to various reasons.However, the listing of Baidu.com brings a favorable turn to this issue, unveiled a source.The failure of the previous talks between Fidelity and HC mainly resulted from the price, while the IPO of Baidu.com makes investors fully realize the value of Chinese...
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