Printed from http://www.electronista.com

ASUS spins off Pegatron

updated 02:55 pm EST, Fri December 11, 2009

ASUS creates new company to be more competitive

ASUS earlier this week said it plans to contract out its manufacturing operations by spinning off a new company, tentatively called Pegatron Investment Holdings Company, in order to reduce its capital by 85 percent. The new company will sell new shares, with 25 percent retained by ASUS while the other 75 percent will be offered to shareholders, according to an ASUS filing with the Taiwan Stock Exchange.

With this restructuring move, ASUS hopes to improve the competiveness of both its core business and the contract manufacturing operations. ASUS' capital will be reduced by more than $1.12 billion shares with the new company issuing nearly 2.3 billion common shares.

Pegatron is a familiar name as it used to be part of ASUS before becoming its subsidiary and building its own netbooks and smartbooks. [via Netbooked]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News