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Asustek finalises spin-off of Pegatron

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CIOL Bureau
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BANGALORE, INDIA: Asustek Computer says it has finalised the spin-off of its manufacturing arm, Pegatron Technology.

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In a statement, Asustek Computer said both Asustek Computer and Pegatron Technology will be listed simultaneously on June 24, 2010.

The trading of stocks of Asustek Computer will be suspended from May 8, 2010, to June 23, 2010. The official spin-off will take place on June 1, 2010.

Jonney Shih, chairman of Asustek Computer, explained in the statement that the company aims at adopting open-source platforms – including ARM and Google combinations, as well as Windows/Intel – in order to

suit consumer demand.

Asustek Computer announced that it will launch, in June 2010, what it described as a ‘killer product.’

According to Jonney Shih, Asustek Computer recently started spreading its presence to countries in south-eastern Asia – like Indonesia – with its notebooks and motherboards. The company hopes that the south-east Asian region will play a key role in its future revenues, Jonney Shih added.

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