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 .
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%  of the enlarged issued share capital of DMX by paying approximately SGD 188.4 million (JPY 12.4 billion) . 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 |
|Headquarters||Hong Kong |
|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 |
|Revenue||c.16.25 JPY billion (For the year ended December 31st, 2008) |
|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.