KDDI Corporation
September 10, 2009
KDDI Corporation has today agreed to form a strategic alliance with DMX Technologies Group Limited. ("DMX"), an infrastructure enabler and digital media services provider headquartered in Hong Kong [1].
Pursuant to this agreement, KDDI, subject to (amongst others) the approval from DMX's shareholders and other regulatory approvals, will subscribe to new shares which would constitute 52.56% [2] of the enlarged issued share capital of DMX by paying approximately SGD 188.4 million (JPY 12.4 billion) [3]. DMX will become a consolidated subsidiary of KDDI following the completion of this transaction.
DMX provides system integration and infrastructure enabling services to telecom operators, media operators and enterprises in the Asia-Pacific region including mainland China and Hong Kong. It has expanded its business domain to high-growth digital media solution businesses, since 2004.
With DMX as a core subsidiary, KDDI will strengthen its ICT service platform in the Asia-Pacific region and provide an even more comprehensive and broader range of services and support to our clients.
Corporate Overview of DMX
| Company Name | DMX Technologies Group Limited |
|---|---|
| Capital | c.2.5 JPY billion [4] |
| Headquarters | Hong Kong [1] |
| Major Shareholders | Venture Corporation Limited (26.8%) DMX's management (18.4% in aggregate) |
| Establishment | October 29th, 2001 |
| Executive Directors | Emmy Wu, Executive Chairman Jismyl Teo Chor Khin, Chief Executive Officer |
| Listing | Singapore Exchange Securities Trading Limited (Main Board) |
| Market Capitalization | c.10.64 JPY billion [3] |
| Employees | c.330 employees |
| Revenue | c.16.25 JPY billion (For the year ended December 31st, 2008) [4] |
| Business Summary | System integration and infrastructure enabling businesses for telecom operators and enterprises etc. Digital media solution businesses for CATV operators, mobile operators, media corporations etc. |
