2013 News Archive

MiTAC Holdings Corporation will be established and listed on September 12

2013/9/11

Stock Code 3706, Listed and Opening Reference-Based Price of NT$ 19.25

(September 11 2013, Taipei, Taiwan) In response to MiTAC's transition strategy, MiTAC Holdings Corporation (MHC), through a stock swap from MiTAC International Corp. (MiTAC), will be established on September 12 and listed and traded on Taiwan Stock Exchange under stock code 3706, company code "MiTAC". Based on the stockholders' equity of June 30, 2013, the book value per share of MHC common shares is approximately NT$ 39.48, and the opening reference-based price will be NT$19.25.

MHC will own MiTAC International Corp. and its subsidiaries. According to Business Mergers And Acquisitions Act, Company Act, Operating Rules of the Taiwan Stock Exchange Corporation and the other relevant laws and regulations, MiTAC Group will set up at least two subsidiaries within one year, by consideration of business-oriented operation and strategic development. Furthermore, because MiTAC Group has multiple brand business to close to the end consumer market demand and have technology knowhow, the brands shall bring more B2B business opportunities, especially in the SoLoMo (Social, Local, Mobile) services.

In the future, MiTAC will be divided into two major business operating groups, and details are as follows:

Enterprise cloud business group will focus on cloud database and computing equipment as its core business value. On the megatrend of the cloud service to take off to bring the growing force of backend data centers, by integrating with TYAN brand professional products in terms of the scope of breadth and depth and many years experiences and technology of ODM enterprise products, this business group will commit to offering markets and customers the next generation of complete solutions for public cloud, private cloud and hybrid cloud backend infrastructure.

Smart mobile device and cloud service business group will focus on building an ecosystem to bridge the cloud service and smart mobile devices. By way of the cloud ecosystem of SoLoMo (Social, Local, Mobile) and through user experience with Mio, Magellan and Navman brands, this business group will provide all kinds of daily life information from cloud service through various smart devices' interface. This service has prepared MiTAC Group for entry into the field of provision of the cloud services with software and hardware integration.

Looking ahead, on the megatrend of cloud computing and SoLoMo smart life, MHC will act the role of the group's strategy developer to provide integrated group resource and efficient platform of marketing, manufacturing, logistics service, and to assist its subsidiaries in business development as well as management authorization. This will facilitate the subsidiaries to adjust the organization and execute by group direction, and to achieve the effectiveness of independent business operation and corporate governance; furthermore, to enhance MiTAC Group's industry leadership position, as well as the group's profitability.