AWT Holdings' share price jumped 33.54 per cent to 21.5 HK cents after it announced it planned to acquire a 5 per cent holding in information and lifestyle Web-site operator NetShowBiz (Asia). The freight-forwarder and property investor will pay for the US$2.5 million acquisition by issuing 97.5 million new shares at 20 cents each. The acquisition, if realised, would value the newly-formed Internet company at US$50 million. However, the stock exchange may treat AWT as a new listing applicant and it may have to go through the normal application process, if it constitutes a very substantial transaction under listing rules. AWT said it was still negotiating with the vendor to finalise the transaction, and expected to sign an agreement by the end of February. AWT had total assets of HK$98.09 million on November 15. Bank debts stood at HK$103.83 million. It has conditionally agreed to place new and preference shares to investors to raise HK$58.5 million to boost working capital and repay debt. Major bank creditor International Bank of Asia has agreed to a standstill agreement involving the issuance of new shares, convertible bonds and preference shares. Both the share-placement and standstill await shareholders' approval.