Saturday, December 20, 2014
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Toshiba and SK Hynix Reach Settlement in Lawsuit Ahead Of CES
Google Concerned About MPAA's Actions To Revive SOPA
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > The End...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 25, 2007
The End of BenQ Brand Name

BenQ's Board of Directors convened today to approve a plan to spin-off its branded business and rename the company to Jia Da Corporation.

The plan is a continuation of BenQ Group?s "Dual Core Competency Strategy", which is to focus on the core competencies of brand & services and manufacturing & technology to maximize competitiveness and efficiency. After the spin-off, BenQ Corporation will be renamed Jia Da Corporation (temporary name) and the spun-off company is scheduled to succeed the name of BenQ Corporation.

"The spun-off company will be a 100% owned subsidiary of Jia Da Corp. and the change is expected to elevate the operating efficiency and strengthen business competence of the BenQ Group," BenQ said in a statement.

The spin-off plan is subject to approval by a meeting of shareholders on June 15, 2007 and the Board of Directors has set the record date of September 1, 2007 for the proposed spin-off.

"Today?s announcement is a continuation and fulfillment of our Dual Core Competency Strategy, which allows the BenQ Group to focus on two very specialized fields of ICT industry," said K.Y. Lee, Chairman of BenQ Corporation. "After the discontinuation of funding for the German mobile phone subsidiary, BenQ?s branded business structure has become less complicated and the scale of the branded business has become relatively small compared to our integrated manufacturing service business. Therefore, it is a straightforward decision to spin-off the branded business."

BenQ?s branded business has achieved sufficient profit and scale to sustain and grow its operation independently within a short five-year span; it operates and markets its diverse product portfolio through a strong global sales and marketing network. After the spin-off, the branded company will be positioned as a company with strong integration of 3C technology in the fields of product design, mobile communications, mechanical & material engineering, and network convergence technologies. All BenQ brand related global sales and marketing departments and related R&D units as well as the Lifestyle Design Center and part of the Advanced Technology Center will be transferred to the spun-off unit. In addition, Mr. K.Y. Lee, Mr. Jerry Wang and Mr. Conway Lee have been appointed as Chairman, Vice Chairman and President of BenQ Corporation respectively.

The spin-off would not impair the shareholders? interests. Jia Da Corp. will be positioned as a dedicated 3C integrated manufacturing service provider. It is also expected to by take advantage of the resources within the BenQ Group while it will focus on its expertise in the fields of display, optoelectronic devices, mobile devices and infotainment solutions. Furthermore, Mr. K.Y. Lee and Mr. Sheaffer Lee will continue to serve as Chairman and President of Jia Da Corp. respectively.

Stock-option Scandal Stalks Apple Chief Steve Jobs        All News        Buffalo Announces DDR3 Memory Modules
Stock-option Scandal Stalks Apple Chief Steve Jobs     General Computing News      Google Deal For Ad Firm DoubleClick Poses Privacy Risks

Get RSS feed Easy Print E-Mail this Message

Related News
New BenQ Projector Supports 5-GHz WHDI Technology
BenQ to Showcase 3D-Ready Home Cinema Projectors, Mini Projectors, and Gaming Monitors at CES 2012
BenQ America Inks Deal With ASI
BenQ Showcases New Flagship Gaming Monitors
BenQ Debuts New Touchscreen Camera Series with LT100
BenQ Expands its G Series LCD Display Lineup in Europe
BenQ's New S6 Mobile Internet Device
BenQ's E2200HDA 1080p Full HD LCD Monitor Lineup
Sony, BenQ to Launch 22x DVD Burners in Q3
BenQ Introduces C36 Music Phone
BenQ Introduces C36 Music Phone
BenQ Unveils Super-Slim T60 Mobile Phone

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .