Great Wall Computer intends to hold Fortis Hong Kong fast into cloud computing

The Great Wall computer will quickly cut into cloud computing services with the help of holding Fortis Hong Kong. The Great Wall computer issued a notice that Fortis Hong Kong will be respectively to the easy access technology, EMC and the company to add new shares to achieve the tripartite joint venture; After the injection, the Great Wall computer will hold Fortis Hong Kong 45% Equity, and achieve holding.

Fortis Hong Kong was founded in 2009, the main http://www.aliyun.com/zixun/aggregation/13597.html "> Enterprise IT Products sales (mainly sales of EMC storage products), 2010 total assets of HK $69.7589 million, net assets of HK $55.8412 million, sales revenue of HK $10.5416 million, net profit of HK $2.0425 million (unaudited). Yi Tong Technology, EMC holds its 81% and 19% per cent of the equity, the completion of the capital, the Great Wall computer, Yi Tong Technology, EMC will hold 45%, 36% and 19% shareholding respectively, Fortis Hong Kong will be renamed as "The Great Wall Yi Tong Technology development Holding (Hong Kong) Limited". Prior to signing the subscription agreement, the Great Wall computer will employ intermediary agencies to audit and evaluate the financial and asset conditions of Fortis Hong Kong as at June 30, 2011, and finalize the specific valuation after the audit and evaluation.

According to the introduction, the subscription and renamed the completion of the Great Wall Yi Hong Kong board will be composed of 7 directors, the Great Wall computer has the right to appoint 4 directors. Furthermore, the Chairman of the board and the chief financial officer of the Great Wall's Hong Kong are nominated by the Great Wall computer.

The Great Wall Computer said that the cooperation is conducive to the company to the cloud computing area of strategic transformation, the company into the field of cloud computing is of great significance. In addition, according to the current Tripartite joint venture intention, the Great Wall computer will occupy the majority of the board seats, to achieve the real control of the joint venture, therefore, after the implementation of the joint venture, the Great Wall computer will be incorporated into the consolidated statement scope.

(Responsible editor: The good of the Legacy)