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Article: BRIEFING - ASIA ELECTRONICS - JAN 21, 2009.
- Article from:
- AsiaPulse News
- Article date:
- January 21, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on electronics for Jan 21, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
IBM BECOMES CHANGHONG'S SECOND LARGEST SHAREHOLDER
BEIJING - IBM's injection of 108 million yuan (US$15.8 million) into Changhong Electric (SSE:600839) showed its interest on the field of consumer electronics manufacture, and made it the second largest shareholder and strategic investor in the Chinese household appliance producer.
It is noteworthy that the investment was made by IBM China rather than its China Investment Fund and the ...