Back in April, we
reported that BenQ was spinning off its branded business. BenQ
announced today that the spin-off has been completed and that the new company will be commencing operations immediately.
BenQ Corporation is pleased to announce that it will commence its new operation today following successful completion of
the spin-off plan to separate its branded and manufacturing business. BenQ, a branded company after the separation, will continue to sell
and market products under the BenQ brand name.
BenQ will remain headquartered in Taipei, Taiwan. The company has a paid-in
capital of NT$3.62 billion with revenue expected to exceed NT$100 billion in 2009. At the initial stage, BenQ will be 100% owned by Qisda
Corporation. Qisda will gradually reduce its shareholdings in BenQ while BenQ explores options for strategic partners and
investors.
If you'd like to read more, BenQ's entire press release can be found here.
