Print This Story  Email This Story  Save this Link View PR Newswire's RSS Feed  Blogs Discussing this News Release  Search Blogs that Mention this News Release  Click this link to view linked Bookmarking Services Click this link to view linked Blogging Services

Inspur International Limited Acquires Digital Media Department and Its Related Business from Inspur Group, Mother Company of Inspur International with a Consideration of RMB30,006,700
 

HONG KONG, Sept. 7 /PRNewswire-Asia-FirstCall/ -- Inspur International Limited ("Inspur International")(SEHK: 596) announced that on 3 September 2009, it has entered into an assets and business transferred agreement with its mother company, Inspur Group Limited ("Inspur Group"). Inspur International shall pay the consideration of RMB30,006,700 (equivalent to about HK$34,050,000) to Inspur Group, to acquire the assets and business owned by the Digital Media Department of Inspur Group. Inspur Group also provides the profit guarantee. If the actual profits of the acquisition of business for the year ended 31 December 2009 and 31 December 2010 are less than RMB 6 million and RMB 9 million respectively, Inspur Group shall refund to Inspur International an amount not less than RMB 20 million. It is expected that the completion of acquisition will take place on or before 15 September 2009.

Mr. Sun Pishu, Chairman of Inspur International said, "Currently, traditional media are facing challenges to apply the content to an internet platform, in order to realize industrial innovation and establish the new business model. The target of the acquisition -- Digital Media Department -- focuses its efforts on the provision of integral solutions for the change from the traditional media to the new media and the related consultancy services and has developed a series of information technology services on integral solutions for the new media, digital cable TV system for integral translation solutions, video-on-demand operation systems and the related fields in new media with leading position in the industry. We believe that the acquisition will enable Inspur International to have prompt entrance into the digital media industry and achieve a synergy effect with the existing business in other information technology industries of Inspur International, and further consolidate the leading position of Inspur International as a Chinese integrated IT services supplier."

About Inspur International Limited (HKEX: 596)

Inspur International is a leading Chinese integrated IT services supplier principally engaged in solution provision with competitive edges in ERP, taxation, telecom, finance, E-government, software outsourcing, etc. Inspur International has strong capability in these areas and achieves high ranking among its peers. Through the support of its parent company, Inspur Group, and Microsoft Corporation, the strategic investor, Inspur International strives to enhance its value-added IT services and expands in both domestic and international market. Inspur International transferred its listing to the Main Board of HKEX on 29 August 2008.

Issued by PR ASIA Consultants Limited on behalf of Inspur International Limited

SOURCE Inspur International Limited