Asus to spin off notebook division in 2007?

Posted on Tuesday, November 22 2005 @ 19:30 CET by Thomas De Maesschalck

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.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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