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Technology Stocks : China.com Corp-(CHINA) -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (6)	6/30/1999 11:48:00 PM
From: Researcher	Read Replies (1) \| Respond to of 504

Here is some more info: Paul-Y Property : Taking a stake in China.com Trading in the shares of Paul-Y Property (0276.HK, $7.75, OUTPERFORM) was suspended pending the announcement of the subscription of 500,000 news shares in China.com, to be listed on the US Nasdaq, at US$15 each. The shares will represent 2.4% of China.com's enlarged capital, and will involve a cash payment of US$7.5m ($58.4m). It is likely that New World Infrastructure (0301.HK, $13.65, OUTPERFORM) will in due course inject its 18.2% stake in China.com into Paul-Y in the future. Paul-Y has about $80m of cash after the latest share placement. Hence the initial investment in China.com could be financed internally. The China.com stake held by NWI will be worth $443m at the possible IPO price, implying an unrealised surplus of $300m on the shares. We expect both stocks to OUTPERFORM Stanley Tang Good investing Researcher

To: Julius Wong who wrote (6)	7/1/1999 9:42:00 PM
From: Mohan Marette	Respond to of 504

Holy Cow--> China.com IPO more than 100x oversubscribed!!! China.com IPO More Than 100 Times Oversubscribed, ODN Says Bloomberg News July 1, 1999, 6:13 p.m. PT Hong Kong, July 2 (Bloomberg) -- An initial share offer by China.com Corp., a Hong Kong-based Web site operator partly owned by America Online Inc. and China's official Xinhua news agency, was more than 100 times oversubscribed, the Oriental Daily News reported, citing unnamed securities sources. The underwriters of the sale will increase the price of the share from $16 to more than $24 on Monday. China.com will be listed on the Nasdaq stock exchange on July 13 or 14, the paper said. Lehman Brothers Holdings Inc. and Bear Stearns Co. are leading the sale. (Oriental Daily News 7/2/99, Business p.2)