Saturday, April 18, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
FCC Makes 150 MHz Of Contiguous Spectrum Available To Telecom Companies
Google Extends Chrome Support For Windows XP
ASUS X99 and Z97 Motherboards Now Support NVM Express Devices
AMD Reports Loss, Exits From High-density Server Business
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 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 X99 and Z97 Motherboards Now Support NVM Express Devices
ASUS, AT&T Unveil The ASUS MeMO Pad 7 LTE
ASUS Transformer Book Chi Available for Preorders
ASUS Announces New TUF Sabertooth X99 Motherbord at CeBIT
ASUS GL552 Gaming Laptop Released
ASUS Releases Motherboard BIOS Updates for 5th Gen Core Processor Support
New ASUS Designo MX27AQ Monitor Shipping At $499
New ASUS ZenBook UX305 Ultrabook Starts at $699
ASUS Announces The B85M-Gamer Mainboard
ASUS Gaming Hardware Line-up at CES 2015
Asus ROG Spatha Gaming Mouse Debut At CES
ASUS Introduces ZenFone Zoom, ZenFone 2, Transformer Book Chi At CES

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 .