Pegasus Buys China-Based Electronics Manufacturer

December 29, 2005 | Print | Email Email | Comments | Category: Gadgets & Electronics



    Pegasus Wireless announced the acquisition of 51% controlling interest in CNet Technology, a China-based designer and manufacturer of computer network equipment, including wireless devices.

    The acquisition will be financed by a purchase of 222,222 restricted shares of Pegasus Wireless Corporation's common stock by Jasper Knabb, company's president.

    The cash equivalent of $1 million will be used for the purchase of CNet Technology while the additional $1 million cash will be used to obtain raw materials to begin the manufacturing of Pegasus Wireless' products that will be available for distribution within thirty days.

    The acquisition of CNet's manufacturing subsidiary will allow Pegasus Wireless to accelerate the assembly of its own products as well as goods for companies abroad, which will ultimately increase profit margins.

    Previously, Pegasus Wireless has been manufacturing their wireless products through various venues around the world, and the ability to manufacture its products in a centralized environment will greatly enhance the speed and volume of their product output.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • Pegasus Wireless Acquires SKI
  • Pegasus And Ctrip.com Sign Internet Hotel Distribution Agreement
  • XOCECO To Sell Electronics Company Stake
  • Amoi Launches Windows-based Electronics With Microsoft
  • Samsung Restructures Business, Sends Lee Jae-yong To China
  • Industries International Signs Supply Contract With Foxconn
  • Electronics Product Distribution Agreement Benefits Juda Group
  • Changhong Takes Orion PDP Stake Through Its Subsidiary
  • Best Buy's First Store In China To Open Soon
  • Konka Will Acquire 13% Of Anhui Konka Electronics



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR