China United Telecommunications Corp, the smaller of the mainland's two mobile carriers, said yesterday it would offer 2.3 shares for every 10 held, compensation for a planned float of State-owned stock. The shares were suspended on Monday when the company said it would enter the national programme under which mainland's publicly listed companies are floating up to US$250 billion in non-tradable state shares. (HK Edition)

More than 600 Chinese Internet marketing agencies have accused the big-name search engines like Google and Baidu of breach of contract, whhich may put them out of business. 637 search engine marketing agencies issued a statement complaining that the major search engines have stepped in to snatch away clients directly, in violation of contracts that ensures these agencies act as intermediaries to expand the market. (Xinhua)

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