CDC intends to use the software and game company listed split abandoned us to choose English

May 18, 2006 CDC Corporation (china.com Investment Group Limited) executive vice president and chief executive officer Xie Keyong told reporters in an interview, listed on the road CDC is currently under preparation software company - china.com software company's act and other matters; in addition, another subsidiary, was established in CDC in August 2005 the china.com game company listed in the preparation work closely.

Familiar with the CDC people know that this is the first name of the Chinese concept stocks successfully landed NASDAQ company. However, this time CDC has decided to give up the U.S. stock market, the choice of the UK as a subsidiary of London listed.

Good at in the capital market to "surf" Xie Keyong explained that the United States from the Nasdaq stock market and choose to go to the London listed, there are two main reasons, first, the environment of financial market; second, do not want to be too dependent on a financial market.

"After the Enron incident, the financial market of the United States issued a lot of laws and regulations, including the famous Sarbanes Act (Sarbanes Oxley act), many regulations resulted in preparation for the listing of the costs in the United States than in the past to as much as 5 times higher. But now many American Stock Exchange lawyers, holding the usual skepticism about the overseas listed companies, and habitually in many places' fault ', causing the entire listing process was delayed." Xie Keyong admitted that the U.S. financial markets today, a large number of regulations is "overkill", and "caused substantial economic losses," which has deviated from the original intention of the establishment of the Nasdaq stock market for emerging business services."

He joked that the U.S. stock market financial system is now more and more politicized, while London is more open minded, lawyers are not so much"......

In addition, from a strategic perspective, we don't want to be too dependent on a financial market, so our group of companies listed in the United States, china.com technology company (china.com) listed in Hongkong, the two branches are selected independently listed in london." In fact, the choice of London rather than New York, Xie Keyong has another plan: we are the first to enter the city of China concept stocks. Today, it will be the first in the London financial market from China's software companies, gaming companies."

According to reports, the current China Network Software Group's listed work is closely preparing. Xie Keyong said, the company has identified 3 top international investment banks, plans to submit legal documents within 60-90 days". He expressed the hope that the software company to be successful in this year's 10-11 months, and the date of the listing of the game company, was initially scheduled for the end of next year.