Saturday, November 28, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
NSA's Phone Surveillance Program Changes
Lenovo and Razer Partner to Make Gaming PCs
LG Display Makes Huge Investment in OLED Panels
Sony To Bring Remote Play Feature To PS4
MINIX NEO U1 Media Hub for Android Coming Next Week
Samsung Joins Audi’s Progressive SemiConductor Program
German ISPs May Block Music-sharing Sites: court
Study Says HTTPS Certificate and SSH Key Reuse Endangers Millions of Devices Worldwide
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > PC Parts > Asus to...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, December 14, 2009
Asus to Spin-Off 75% Stake in Pegatron for Business Separation and Independent Operation

Asustek will reduce its holding in Pegatron, its fully owned contract manufacturing subsidiary, to 25 percent, in a move to reduce any conflict of interest between the two sides.

Asustek convened a board meeting on Friday to resolve the spin-off of its ODM business group which is held through the form of long-term equity investment and establish "Pegatron Investment Holding Co., Ltd." which will assume 100% of Asus' equity investment in Pegatron Corporation ("Pegatron"). Pegatron Holding will issue 2,286,053,935 new shares to Asustek.

The estimated value of the business assigned to Pegatron Holding, through this spin-off, is NTD 92,894,089,000, and all shareholders of Asustek will in total receive 75% of the equity with a total value of NTD 69,670,567,000 in proportion to their shareholdings in Asustek, while Asustek will at the same time reduce its capital based on the value of the business spun off.

The spin-off date is expected to be on July 1, 2010.

The move is expected to improve the business outlook and competitiveness of Pegatron.

Asustek started life as a contract manufacturer of motherboards, but has increasingly turned to selling laptop PCs for higher profit margins, spinning off its manufacturing arm in 2008 into a fully owned subsidiary company.

Western Digital Introduces Advanced Format With Caviar Green Series OF HDD        All News        AudioDev Releases ROM Mark Testing For CATS BD-analyzers
Western Digital Introduces Advanced Format With Caviar Green Series OF HDD     PC Parts News      HyperTransport Consortium Extends Signal Transmission Distance by 6x and Releases New Connector Specifications

Get RSS feed Easy Print E-Mail this Message

Related News
ASUS RoG Announces Maximus VIII Hero Alpha
ASUS Unveils the New Laptops
ASUS Chromebit Released For $85
ASUS Unveils B150 Pro Gaming-Aura and B150 Pro Gaming Motherboards
ASUS Releases ZenFone 2 Deluxe Special Edition
ASUS Upgrades Its ROG Gaming Lineup
ASUS Z170I Pro Gaming mini-ITX Motherboard Released
ASUS Announces Strix Raid DLX, Strix Raid Pro, and Strix Soar 7.1 Gaming Sound Cards
ASUS Announces ROG G11 Gaming Desktop, H170 Pro Gaming and B150 Pro Gaming D3 Motherboards
ASUS Chairman Unveils Many New Products at IFA 2015
ASUS Announces TUF Sabertooth Z170 Mark 1 Motherboard
Asus Set To Announce New Zen Series And Gaming Devices at IFA

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .