Monday, May 29, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp's President Confirms US Panel Plant Plan
Google to Retire the AlphaGo AI Program
Apple is Building AI Chip for iPhone
Chip Industry "Threatened" by Chinese Players
AMD Ryzen AGESA 1.0.0.6 Firmware to Enable Speedy Memory Clocks
Nvidia Introduces the GeForce MX150 For Laptops
Intel Dominates the Enterprise SSD Market
NVIDIA Introduces New GeForce GTX Battlebox
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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.


Previous
Next
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 STRIX GD30 Gaming Desktop Released
Asustek Aims At Growth In Smartphone And Notebook Business
ASUS Announces the ROG Strix Impact Gaming Mouse, DSL-AC88U Modem Router
ASUS ROG Gaming Lineup at CES 2017
ASUS Presents Zennovation at CES 2017
ASUS Zenbo Robot Available In Taiwan
ASUS Announces the BRT-AC828 802.11ac Router, New Xonar U7 MkII External Sound Card
Asus ZenFone 3 Deluxe 5.7" Is Rolling Out In N. America
ASUS ROG G701VI Gaming Notebook Released
ASUS Presents New ZenWatch 3, Gaming and Lifestyle Products At IFA 2016
Asus To Put Weight On Robotics And VR
Asus, Gigabyte And Inno3D Already Tease With Custom GeForce GTX 1060 Graphics Cards

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .