Update: Digital China to Invest in Japan's SJI

PR Newswire Asia, 11/04/09

Chinese IT services and system integration provider Digital China (0861.HK) gas announced that its non-wholly owned subsidiary, Digital China Software, and King Tech Service HK, in which Digital China owns a 16.1% stake, will acquire 23.65% and 6.96% equity interests, respectively, in the Japan-listed IT company SJI within this year. The consideration for the transaction is JPY 2.8 mln. Both subsidiaries will also acquire SJI share options allowing them to increase their stakes to 30.81% and 10.07% respectively between June 16, 2010 and December 25, 2011. Once converted, Digital China Software will pay an additional 1.7 mln. In addition, Digital China Software has agreed to transfer its entire stake in DGT Information Systems to a wholly-owned subsidiary of SJI for an undisclosed sum.

Keywords: systems integration overseas hardware Japan software 0861.HK DGT Information Systems Digital China Software IT services Digital China M&A King Tech Service

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily