Tuesday, April 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Huawei Regains Smartphone Lead in China: Canalys
Xiaomi Launches Intelligent Sneakers Powered By Intel Curie Chip
Google Tweaks Web Ranking algorithm To Tackle Fake News
Apple To Educate Consumers Around Its Products Through "Today at Apple" Programs In Apple Stores
Wikipedia Founder's Response to Fake News Is The Wikitribune Website
3D-NAND to Become Mainstream This Year
New VIZIO SmartCast M-Series Ultra HD HDR XLED Plus Display Collection Released
6-Inch ZTE MAX XL Smartphone Launching For $130
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 > Optical Storage > Asian S...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 25, 2000
Asian Star Subsidiary Signs Joint Venture Agreement to become the First CD-RW Manufacturing Company in China


"...Asian Star Development by and through its subsidiary, Harmonic Hall Investments Holdings Limited ("Harmonic"), announced the signing of a joint venture agreement with Henan ANCAI Group -- Melody Electronic Co., Ltd. ("ANCAI"), to manufacture CD-RW products in China. "Harmonic" holds majority interest in the venture. The closing of the joint venture transaction is subject to completion of definitive agreements to be prepared by legal counsel.

"ANCAI" is a Fortune 500 Firm in China and is listed on the Shanghai Stock Exchange, trading No. 600207. ANCAI's gross assets (1999) were approximately US$300 million and revenue (1999) were approximately US$108 million. ANCAI's current market capital is approximately US$730 million. ANCAI is also a leading corporation in Henan Province, the most populated province in China. Harmonic was granted the first permit ever issued by the Chinese Central Government to manufacture CD-RW products in China, and plans to expand production to other products, e.g., CD-R, DVD, etc.

Stephen Chow, president of Asian Star, stated, "We are delighted to be associated with one of the top corporations in China in this exciting new high tech venture. Since ANCAI is also in the high-tech manufacturing field, we believe our R & D Division will become much stronger. We also expect our manufacturing facility will place us in an excellent position to capitalize on the rapidly expanding CD, CD-RW and DVD markets in China, a country with 1.3 Billion potential consumers..."



Previous
Next
Study finds Napster use may cut into record sales        All News        Study finds Napster use may cut into record sales
Study finds Napster use may cut into record sales     Optical Storage News      Study finds Napster use may cut into record sales

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Japanese TV Firms Unite Under Internet Streaming Company JOCDN
SD Association Adds Higher App Performance Class And Low Voltage Signaling
LG To Unveil New Nano LCD TVs At CES 2017
Panasonic Develops IPS Liquid Crystal Panel with Contrast Ratio Of Over 1,000,000:1
U.S. To Develop Safety Guidelines For Self-driving Cars
CDs Remain Popular In Japan
Ford Tripling Autonomous Vehicle Development Fleet
Ford And Google In Talks To Build Self-driving Cars: report
California Wants A Man Behind The Wheel Of Self-driving Cars
Memory-Tech Promises Improved Audio CD Quality With New UHQCD Technology
Acer Launches Gaming Monitor Enabled by AMD FreeSync Technology
Microsoft Outlines Basic Elements Of Direct3D 12

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 .