Founder 230 million acquisition of a breakthrough for PC.docVIP

 PAGE \* MERGEFORMAT 6 Founder 230 million acquisition of a breakthrough for PC Founder resounding at a cost of 230 million acquisition of China in Zhuhai, one of electronic components, multi-hundred, generous cut into the IT manufacturing industry, another area - multi-layer circuit board industry. Founder Technology, said the latest announcement, the investment earnings for the company to add new points, while enhancing the anti-risk ability. Hidden in the back of the investment is this: in 2003 the company accounted for all business revenues accounted for more than 95% of the computer and its accessories machine’s gross margin fell 23.12 percent, to 8.88%. Founder spokesman said the company profitable for the selection of foster new growth points have been inspected for a long time, recent mergers and acquisitions of its Zhuhai multi-product gross margin of about 30%, with a higher added value, may be following the computer after the Founder Another core business. 230 million yuan merger September 6, Founder Technology has issued a notice, said Founder Technology Founder and its subsidiaries, companies in Hong Kong in September 3, 2003 respectively, with natural Zhang Chong signed a ‘share transfer agreement’. Founder Technology to the acquisition of Zhang Chong, Zhuhai Multilayer funded 75% of the total equity (including 1.575 million U.S. dollars (or equivalent RMB), including the right of the registered capital subscribed), the purchase price of 178.5 million yuan; Founder Da-Hong Kong companies to create multi-Zhuhai, 25% of the acquisition of all Hong Kong-owned shares (including 525,000 U.S. dollars (or equivalent RMB), including the right of the registered capital subscribed), the purchase price for 59.5 million yuan. The total investment amounted to 30 million U.S. dollars in Zhuhai is a production of multi-storey multi-storey and double-sided printed circuit board-based joint venture, 70% of its products for export, with annual sales of about 5