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China's Giant Interactive says 51.com to list 2010

Tue Jul 15, 2008 11:58pm EDT

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SHANGHAI, July 16 (Reuters) - Chinese online social networking site 51.com, which is 25 percent-owned by Giant Interactive Group Inc (GA.N), plans to list its shares in 2010, Giant Interactive Chief Executive Shi Yuzhu said on Wednesday.

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Shi, speaking on the sidelines of the ChinaJoy gaming conference, did not say where 51.com would list its shares or how much it aimed to raise.

Chinese online game provider Giant Interactive said earlier this month it bought a 25 percent stake in 51.com for around $51 million. ($1=6.826 Yuan) (Reporting by Sophie Taylor; Editing by Edmund Klamann)

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