China: Datang Telecom Will Acquire 51% Of Beijing FibreHome
Datang Telecom has announced that it will acquire 51% of FibreHome, a Beijing software company, as part of Datang's efforts to integrate its own software business.
Datang says that two of its subsidiaries, Datang Software and Beijing Kaitong Technology, will spend a total of RMB9.1 million cash acquiring 51% of the stake of Beijing FibreHome Stronger Software Technologies Company.
Datang holds 90% and 87.48%, respectively, of Datang Software and Beijing Kaitong Technology.
posted by Fergie @ 2/22/2006 04:16:00 PM
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