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To: quartersawyer who wrote (54331)	12/15/1999 10:49:00 PM
From: Ruffian	Respond to of 152472

China's Unicom Closer To Foreign Listing - Report BEIJING -- China Unicom, China's second telecommunications carrier, has concluded negotiations with several foreign partners to terminate joint venture agreements, clearing the way for the company to list abroad, official media reported Thursday. Still struggling to win market share from former monopoly China Telecom (CHL), China Unicom is expected to seek more than $1 billion next year through a listing on the Hong Kong Stock Exchange and the Nasdaq Stock Market. China Unicom's plans to list this year were postponed when the Ministry of Information Industry ruled that the company's joint venture agreements breached a ban on foreign investment in the telecommunications sector. The company had used a vehicle known as China-China-Foreign to channel foreign investment into its projects. This involved offshore companies setting up a foreign invested-joint venture which then invested in a project with Unicom. All projects involving CCF were frozen since Oct. 1 and China Unicom was ordered to negotiate termination agreements with its foreign partners. The official China Daily reported that China Unicom "has reached agreement with several foreign partners to terminate the so-called CCF projects, paving the way for the company to be listed abroad." "We have made some agreements and will pick up the pace to complete the deal with the rest of the foreign partners," Wang Jianzhou, China Unicom vice-president said in the report. China Unicom plans to invest 7 billion yuan ($1=CNY8.28) in a Code Division Multiple Access, or CDMA, mobile telecommunications network to rival the existing Global System for Mobile telecommunications, or GSM, service provided by China Telecom. China Unicom was created by the government to take on the former monopoly giant China Telecom. A third state-run telecommunications carrier, China Netcom, began operations this year.

To: quartersawyer who wrote (54331)	12/15/1999 11:10:00 PM
From: Rainy_Day_Woman	Read Replies (1) \| Respond to of 152472

*OT* Here is a wonderful site. You might want to visit it daily, and email it to all your friends with the suggestion that they do it, too, and pass it on to their friends. You'll see why if you go there: thehungersite.com You simply click the button once a day and your click will have induced a corporate sponsor to donate a specified amount of free food to a hungry person. The amount of food -- rice, wheat, maize or other staple food -- you send by your click varies according to how many corporations (or, occasionally, individuals) are sponsoring the site that day. Maybe your company would even want to sponsor the site? Each sponsor pays for 1/4 cup of food.... "Every 3.6 seconds someone dies of hunger; 3/4 of the deaths are children under 5." sherry

To: quartersawyer who wrote (54331)	12/15/1999 11:10:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 152472

OT OT OT No, I am talking less Oxygen. But at least some good minds are coming out! Voltage

To: quartersawyer who wrote (54331)	12/15/1999 11:11:00 PM
From: Voltaire	Respond to of 152472

At least your response is intelligent. Thanks, V