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Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (555)	1/30/2001 8:44:35 PM
From: ms.smartest.person	Respond to of 615

Search over as Softbank, e2-Capital form union DENISE TSANG -------------------------------------------------------------------------------- E2-Capital has teamed up with Softbank Investment International (Strategic) to form an e-business joint venture, four months after a similar alliance with Netalone.com fell through. Softbank and e2-Capital suspended trading yesterday pending an announcement. Company sources said the stocks would be suspended today. Softbank is a substantial shareholder of e2-Capital, holding 5.64 per cent, or 65 million shares. A tie-up would forge closer links between the companies and was expected to yield synergies to both, one company source said. E2-Capital primarily provides investment banking services to technology companies, while Softbank invests in start-ups or IT-related companies through its worldwide venture-capital arms. The deal follows a number of ill-fated negotiations between e2-Capital and interested parties in the past four months. Last September, e2-Capital and Internet portal operator Netalone.com planned to merge their online business solution divisions, but the plan collapsed amid souring sentiment of technology stocks. It is understood e2-Capital attempted to form similar joint-ventures with a couple of listed Internet investment firms. An e2-Capital spokesman yesterday declined to comment further on the latest deal, only saying there was a possible transaction in the making. E2-Capital closed Monday - the last trading day prior to the suspension - at 42 HK cents and Softbank HK$1.16. biz.scmp.com