PC Chips Takes Over Soyo

KingFishKingFish
edited August 2004 in Science & Tech
Looks like another mobo manufacturer has been swallowed by a bigger company. A number of investors representing China-based “Lung Teng” (transliterated from Chinese) Electronics, a member of the PC Chips Group, recently bought a majority stake of Soyo’s NT$390 million capital expansion plan through a private placement, sources said.
Soyo completely reshuffled its board of directors and supervisors followed the capital expansion in July, with personnel related to PC Chips taking a majority of seats on the board, according to sources at Soyo. PC Chips was founded by Johnson Chiang, chairman of Elitegroup Computer Systems (ECS). However, ECS said that the company had nothing to do with Soyo’s takeover. In addition, Soyo recently told its shareholders that in the near future it plans to expand its product mix to include computer connectors and heat dissipation modules, which happen to be the core products of Lung Teng.
Submitted by: muddocktor

Source: DigiTimes
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