e-Future to Acquire Crownhead Holdings Ltd. BEIJING, Aug. 1 /Xinhua-PRNewswire/ -- e-Future Information Technology Inc. (Nasdaq: EFUT - News), a leading Chinese front supply chain management software and service company, today announced that it has entered into a definitive agreement to acquire Crownhead Holdings Ltd. ("Crownhead") and its subsidiary, Royalstone System Integrated Co., Ltd. ("Royalstone"), a leading retail software and service provider in China. e-Future believes that this acquisition will significantly improve the services it is able to offer to its customers.
The transaction is expected to close by the end of August 2007, subject to customary closing conditions. e-Future will rename its subsidiary, e-Future (Beijing) Tornado Information Technology, Inc. as e- Future Royalstone Information Technology Inc. (e-Future Royalstone), and Mr. Deliang Tong, Chairman and Chief Executive Officer of Crownhead, will be appointed as e-Future Royalstone's president .
Mr. Adam Yan, Chairman and Chief Executive Officer of e-Future said, "This deal is strategically important to e-Future because it allows e-Future to rapidly improve its position in China's retail industry. Through this deal, we will increase our market share in China's Top 100 companies, global accounts in China and also will establish a service center in southern China. This deal allows us to deliver more comprehensive retail solutions to our retailers."
Mr. Deliang Tong, commented, "Crownhead is an innovative leader in China's supermarket market, especially in the Top 100 retailers market and southern China. Our software based on SOA (Service Oriented Architecture) reflects new trends in retail solutions. Crownhead is pleased to join our technological strengths and coverage area with e-Future to serve retail clients throughout China." Crownhead's major customers include China Resources Enterprise Ltd., one of the top 4 retail groups in China; Lianghua Shanghai, the largest supermarket group in China; China Petroleum-BP, the largest oil convenience store in China; Bubugao, the biggest retail group in Hunan province; and Yonghui, the biggest retail group in Fujian province.
About Crownhead Holdings Ltd.
Crownhead, a holding company for the wholly owned operating subsidiary of Royalstone System Integrated Co., Inc., was established as an offshore company incorporated in the British Virgin Islands. As of July 2007, Royalstone employed more than 160 individuals.
Royalstone customers are among China's Top 100 companies, occupying sizeable market shares in supermarket, mall and convenience stores. Its product line Myshop has been recognized for its competitive advantages in the retail industry. - 该帖于 2007-8-2 22:58:00 被修改过
我终于明白这个公司的传承了。