World Briefing

Kia Asia Motors put up second tender: South Korea's financially troubled Kia Motors Corp and sister firm Asia Motors Co on Friday sent General Motors Corp and four previous bidders information on a second tender, a statement from Kia said. Bidders must submit applications by September 21 and the result will be announced on September 28, it said. First efforts to sell off troubled Kia and Asia Motors failed earlier this week as the bidders -- Hyundai Motor Co, Daewoo Motor Co, Samsung Motors Inc and US-based Ford Motor Co -- demanded a writeoff of some of Kia's debt. GM, which had submitted a letter of intent to take part in the first auction, in the end decided not to submit a bid.

SIA, Air New Zealand to extend pact: Singapore Airlines Ltd (SIA) said it would extend its code-sharing agreement with Air New Zealand to five cities in New Zealand. Domestic flights from Dunedin, Wellington, Rotorua, Queenstown and New Plymouth would connect with SIA services to Auckland and Christchurch, SIA saidin a statement. The pact begins operation on October 25. Air New Zealand also code-shares on SIA services from Singapore to London and from Singapore to Manchester.

World InterNetworks sets reverse split: World InterNetworks Inc, formerly Wealth International, said it set a four-for-one reverse split for all shares issued prior to September 4. Shareholders of record on that date will receive one common share for each four shares they now own, a statement said.

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