Internet business information content provider Asian Information Resources (AIR) has unveiled a restructuring plan only three months after listing on the Growth Enterprise Market (GEM). The company will spin off two wholly owned companies - an e-commerce venture and an e-commerce technology subsidiary, according to managing director Chan Chi-ming. 'We are not deviating from what we have committed to in the prospectus. In fact, we are [moving toward speeding up] our e-commerce business plans,' Mr Chan said. The restructuring would allow the company's e-commerce arms to have greater flexibility and autonomy in planning and marketing to deliver the business strategy stated in AIR's listing prospectus, he said. AIR said its newly established technology arm would help traditional industrial companies in the mainland to move into the e-commerce era. Its ventures arm would then take up stakes in those companies, Mr Chan said. So far, AIR has committed to investing an undisclosed sum in seven e-commerce incubation projects. The investments include a 12.5 per cent stake in on-line mortgage service provider Atvantage Mortgage and a 33.3 per cent interest in textile trading portal I-Textile.com. Both Atvantage Mortgage and I-Textile.com are planning to list on the GEM board, but no timetable has been set.