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Asus to spin off notebook division in 2007?

Posted on Tuesday, November 22 2005 @ 19:30:33 CET by


Asus aims to spin off its notebook subsidiary by the first half of 2007, according to company sources.
By the spin-off date, Asusalpha plans to have made its initial public offer (IPO) on the Taiwan Stock Exchange (TSE) and all assets owned by the subsidiary would then be transferred from the parent company, indicated the sources. The assets are estimated to be worth more than NT$10 billion (US$29 million), the sources added.

Asustek declined to comment on the report, adding that it is still evaluating the spin-off plan.
More info at DigiTimes.


 



 

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