Beijing time on July 8, according to the Shenzhen Stock Exchange announcement, IBM Hong Kong to be held by the acquisition of Great Wall Computer Shenzhen Co., Ltd. International Systems Technology (ISTC) 20% stake. IBM currently holds ISTC 80% stake, therefore, after completion of the acquisition, IBM will be wholly owned by the company.
Notice that, based on IBM's global strategy and supply chain strategy adjustment, International Systems Technology (Shenzhen) Limited (ISTC) changes in production patterns, IBM China / Hong Kong Limited ("IBM Hong Kong") to be acquired The company held ISTC20% stake. The company's research and initial communication with IBM, taking into account the ISTC-related businesses affected by the adjustment of greater convergence with the company's main business decreased, a corresponding reduction in shareholder returns is also expected to better development of the company's main business, to be agreed to sell ISTC20% stake held.
Notice also that, at present still being negotiated the asset disposal process, did not sign any agreement.
ISTC registration for the Red Sea Free Trade Zone, Shenzhen City, Road 1, business is the manufacturing and sale of computer hardware systems, related parts and components and software systems; information technology, product development, exhibitions and system integration; total package technology services; Technology development and transfer; technical training, testing, analysis and advisory services; for information systems, network systems and related products development, design, installation, maintenance, management, after sales services and related technical services; Free Trade Zone of distribution and logistics services ; international trade, entrepot trade, trade among enterprises in the Zone, Free Trade Zone within the trade agency; and the Free Trade Zone outside the enterprise has the right to directly import and export trade; provide business management consulting services, investment and business consulting services, information management and technology consulting services and marketing services; engaged in processing trade.