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Digital China Forms IT Services Subsidiary
Tencent Tech, 7/04/08
Digital China (0861.HK) has formed a new IT services subsidiary, DCITS, with China-Singapore Suzhou Industrial Park Venture Co (CSVC) and Infinity Investments also investing in the new company. Digital China's wholly-owned subsidiary Digital China Software will invest RMB 500 mln in the company, and the other investors will provide RMB 4 mln, for a total investment of RMB 9 mln. Digital China will own an 80.49% stake in the company, with CSVC and Infinity Investments holding 16.58% and 2.93% stakes respectively.
Digital China plans to take the company public within 4 years.
Keywords: DCITS, CSVC, Infinity Investments, Digital China Software, 0861.HK, Digital China, investment, IT services, software
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