ZingAsia Pte Ltd Benefits From Chinadotcom Investment Expansion

Chinadotcom, through its subsidiary china.com Studios, is set to increase its 10.4% stake in Asian travel group ZingAsia Pte Ltd., with a cash infusion of some S$1.25 million (US$ 723,000).
A subsidiary of Panpac Media.com Ltd., ZingAsia will issue shares to chinadotcom, who will also benefit from Zingasia’s agreement to buy certain web services exclusively from them.