Geeya seals acquisition of Harvard
Source: Xinhua |
July 25, 2012, Wednesday
|
Print Edition
Print Edition
CHINA'S Geeya Technology Co, a digital TV equipment manufacturer, completed its acquisition of British set-top box manufacturer Harvard International yesterday.
Geeya, listed on the ChiNext board of the Shenzhen Stock Exchange, has paid more than 220 million yuan (US$34.8 million) to buy all the shares of Harvard International, which was listed on the Alternative Investment Market of the London Stock Exchange, a Geeya executive said yesterday. Harvard International was delisted from AIM after the acquisition.
Geeya has advantages in set-top box maker and Harvard International has a sound sales network in the United Kingdom and Australia, Xu Lijie, board secretary of Geeya, said, adding that the mix of Geeya's production advantages and Harvard International's experiences in distribution, service and market promotion will give Geeya a complete industry chain and improve its overall profit scale.
Geeya, listed on the ChiNext board of the Shenzhen Stock Exchange, has paid more than 220 million yuan (US$34.8 million) to buy all the shares of Harvard International, which was listed on the Alternative Investment Market of the London Stock Exchange, a Geeya executive said yesterday. Harvard International was delisted from AIM after the acquisition.
Geeya has advantages in set-top box maker and Harvard International has a sound sales network in the United Kingdom and Australia, Xu Lijie, board secretary of Geeya, said, adding that the mix of Geeya's production advantages and Harvard International's experiences in distribution, service and market promotion will give Geeya a complete industry chain and improve its overall profit scale.
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