Several Buyout Investors Backing Qihoo Voice Concern over Firm's Relisting Arrangement

(Beijing) – Investors who provided the buyout funds used to take private a leading Chinese software developer that had been listed on the New York Stock Exchange said the firm was seeking to push through a new restructuring plan that would harm their interests.

Qihoo 360 Technology Co. Ltd., developer of China's most widely used anti-virus software and security services, told the investors recently that it planned to spin off some unprofitable assets in order to clear obstacles for it to relist on a mainland exchange, according to several people who work at financial institutions that received the notice.