GristyMcFisty used our news submit to tell us that Quanta Storage, the parent company of New Universe
Technology (Nu-Tech) has announced that it will invest US$18 million in it's
Chinese subsidiary.
 Currently, the subsidiary is Quanta Storage's only production base and only investment project in China. In addition to ODDs, the subsidiary produces optical instruments and related components. Including the additional investment, Quanta Storage will have invested US$30 million in the subsidiary, accounting for 49.04% of its paid-in capital, 7.7% of its total assets and 22.91% of its shareholder equity. Over the past three years, the company has suffered a total loss of 22.28 million yuan (US$2.69 million) from the investment in the subsidiary. |
More information can be found in the
article on Digitimes.
Source: Digitimes
