Stock Watch: Stock Split Powers Chinadotcom

Chinadotcom Corp. (Nasdaq: CHINA) soared 10 5/8 to 59 1/4 Monday after the company announced a 2-for-1 stock split.

The company, which provides Internet services in Asia and invests in Internet companies in the region, said the split will be paid to shareholders of record as of Friday, April 28th. Chinadotcom, with 24 offices in 10 Asian markets, is working to develop the Internet in China and across Asia. Major shareholders include America Online and Mitsui & Co.

Chinadotcom is headquartered in Hong Kong.

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