AsiaInfo Holdings Inc - (ASIA) Message Board

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Technology Stocks : AsiaInfo Holdings Inc - (ASIA)

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To: Mohan Marette who started this subject	10/3/2000 1:28:06 PM
From: opalapril	of 115

This is part of the pressure on the stock: AsiaInfo Plans To Double Authorized Common Shares To 100M (ASIA) hoovershbn.hoovers.com September 06, 2000 16:02 (NewsTraders.com)--AsiaInfo Holdings (ASIA) is seeking approval from its shareholders to increase to 100 million from 50 million the number of common shares it is authorized to issue, a measure the Sino-centric IT services company believes will allow for greater flexibility. AsiaInfo said the additional shares could be used in a number of ways, such as follow-on offerings, stock option plans and stock-based acquisitions, though it indicated it does not currently have any specific uses in mind, according to a preliminary proxy filing released yesterday. * * * AsiaInfo had 39.8 million shares outstanding as of Sept. 1 Investors of record as of Sept 1 can chime in on the proposal at the company's annual meeting, scheduled for Oct. 18 in Beijing. AsiaInfo Insider Allots $9.7M Of Stock For Sale (ASIA) hoovershbn.hoovers.com

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