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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 172.98+1.1%Jan 2 9:30 AM EST

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To: JohnG who wrote (50542)5/29/2007 8:19:12 AM
From: waitwatchwander   of 197073
 
Datang Telecom set for restructuring

May. 29, 2007 (China Knowledge) – The Shanghai-listed Datang Telecom Technology <600198> Monday announced that its controlling shareholder, China Academy Telecommunications Technology, will inject a 36.6% stake in the company into a new holding unit.

Datang Telecom, a provider of telecommunications equipment, software development and microelectronics products, said the new unit had a registered capital of RMB 100 million.

The transfer is seen as a move to make way for China Academy to inject its other mobile technology businesses, which own patents for the homegrown TD-SCDMA standard for third-generation mobile phone, into Datang Telecom.

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