Aug 21--PRNewswire/AsiaNetGAS JOINT-VENTURE... BEIJING: CNOOC Ltd would take a 27 per cent stake in a joint-venture deal with Zhejiang Energy Group Ltd to build an intra-provincial gas distribution network, the company said today. "Zhejiang is one of the fast growing and most prosperous coastal provinces and has huge potential for gas demand", CEO and company chairman, Mr. Wei Liucheng said in a news release.PROSTATE VACCINE... MELBOURNE: An immune-based vaccine to treat prostate cancer would be developed by Virax Holdings Ltd under an agreement signed with Royal Adelaide Hospital's Cancer Centre, the company said today. E-BUSINESS GROWTH... SAN JOSE: In a press statement delivered today, e-business software provider, Rainfinity, announced the opening of a new Singapore sales office. The company said it foresaw "aggressive growth" in the Asia Pacific as demand for its worldwide operations had exceeded expectations.DATA STORAGE SOLUTION... BROOMFIELD: McDATA Corporation, the open storage network company, today launched what it dubbed as "the first interoperability initiative that is managed by a single, fully functional storage management tool" - the HP Openview management platform. The company has collaborated with Hewlett Packard (HP) to deliver the technology, which would be sold on the market under the HP brand, according to a media release.CONTENT EXPANSION... HONG KONG: Beacon Light Holding Corporation said today that its name would change to Wellux International Inc and that a private equity placement of $US 210,000 geared at the "online activities" of its subsidiary, Whoopers Corporation Ltd, would be used to expand content and secure movie rights. STOCK REPURCHASE... CARLSBAD: Callaway Golf Company today said its board had approved the company's open market common stock repurchase up to a maximum of $US 100 million, subject to market conditions. The board has also signed off on a second quarter dividend of $US0.7 per share.EXECUTIVE APPOINTMENTS: NEW YORK: Intermost Corporation today named Mr Sonny K Hung as non-executive director, in charge of "the re-engineering program for the company." CARLSBAD: Callaway Golf Company today named Mr Ronald Drapeau, current president and ceo, as chairman of the board. The company also announced that an executive committee headed by Mr Richard L Rosenfield had been formed. (AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).