In the News - July 2001  
     
  Click to get Adobe Acrobat
     
 

iBusiness acquires a 6.3% stake in Excel Technology     
iBusiness acquires a 6.3% stake in Excel Technology in what the market believes to be a win-win transaction, where Excel can strengthen its shareholder background while iBusiness can acquire stakes in an already profitable company as well as enjoying i21's strong developmental potential at the same time.
Hong Kong Economic Journal - July 11

 
 

 

 
 

iBusiness acquires stake in Excel Technology in a 60 million transaction
iBusiness sells 42.6% of its stake in i21 Limited, its joint-venture with Excel Technology, in exchange for a 6.3% stake in Excel's enlarged share capital. The move will allow iBusiness to more closely participate in the growing enterprise software and ASP market while continuing to provide strategic advice for i21.
Oriental Daily - July 11

 
 

 

 
 

iBusiness and Excel Strengthen Cooperation Through Share Exchange
iBusiness and Excel announced a share exchange transaction involving their joint-venture, i21 Limited, to strengthen the cooperation betweent the two firms.
Hong Kong Commercial Daily - July 11