KDDI Form A Strategic Alliance with DMX Technologies Group Limited.

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.
  • [1] DMX's operating headquarters is in Hong Kong and its registered office is in Bermuda Islands.
  • [2] Not taking into account the 11,764,705 new ordinary shares of DMX to be issued in relation to the acquisition of 1MP Limited
  • [3] SGD1 = JPY65.64 (as of September 7th, 2009)
  • [4] USD1 = JPY94.08 (as of September 7th 2009)
  • * The information contained in the news releases is current at the time of publication.
    Products, service fees, service content and specifications, contact information, and other details are subject to change without notice.

Return to top