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Entries in notebook (1)

Friday
May082009

Juteng International (3336 HK, HK$3.77) – Increase stake in Wah Yuen

DateFriday, May 8, 2009 at 9:36AM

Updated on Tuesday, May 12, 2009 at 9:19AM by Registered CommenterVAYUE.com Team

The company will increase its stake in Wah Yuen from 53.4% to 55.56% at US$3.0m consideration. Wah Yuen is a private company engaged in manufacturing magnesium alloy casing for laptops. In FY12/08A, it made a net loss of US$4.35m. Compal, a leading PC OEM manufacturer, is another substantial shareholder of Wah Yuen with 31.5% interest (will increase to 33.6%).

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