New World Infrastructure (NWI) will remain the largest shareholder of China.com after the company is spun off from China Internet Corp (CIC), according to NWI managing director Douglas Chan Wing-tak.
CIC is now undergoing a restructuring which will involve listing China.com on Nasdaq and operating a join venture Internet service provider with United States internet giant America Online.
Mr Chan said after the restructuring New World would directly hold more than 20 per cent of China.com and remain its major shareholder.
America Online bought 10 per cent of China.com on Monday, just one week before its US$50 million listing on Nasdaq. Xinhua is also a shareholder in China.com.
Mr Chan declined to reveal details of the listing.
He said China.com was talking with comic-book publisher Culturecom about possible co-operation in a website business involving the use of a Chinese computing system.