September 6, 2005

Red Flag Mulls JV for Expansion

We want to put our efforts in developing Linux as a substantial entity by establishing an Asianux company, as we will soon expand into the South Asian market," Zhao Xiaoliang, deputy president of Red Flag, told China Daily.

Zhao said that Red Flag, Japan's Miracle Linux and South Korea's Haansoft would invest in the company. It has not been decided how much each party's stake will be but Red Flag will "definitely" hold a controlling interest, he noted.

Link: China Broadcast

Click Here!