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Myweb plans fresh listing

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Josephine Ma

Myweb Inc.com is planning to list in either Hong Kong or Singapore to cash in on the potentially huge Web television market.

Co-founder Danny Toe said the company - which began trading on the American Stock Exchange (Amex) on Monday - had appointed BNP Prime Peregrine as financial adviser. He declined to disclose further details of the listing plan.

Mr Toe said the Amex listing would aid the company's shares which already trade on Nasdaq's over the counter board.

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Founded in 1996 by three Singaporeans, Mr Toe said the company ranked among the mainland's top 10 despite entering the market only eight months ago, according to a survey by International Data Corp.

Capitalised at about US$200 million, it has about 600,000 registered subscribers.

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Myweb is planning to capture more market share with a cheaper, television-based Internet service, which allows subscribers - with the aid of a set-top box - to access the company's service via their remote controls or wireless keyboards.

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