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2003-6-12 09:52:00 a.m. HKT, XFNA
HK's eForce/Culturecom to co-develop Linux opg system with Transmeta
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HONG KONG (AFX-ASIA) - eForce Holdings Ltd (943.HK) and Culturecom
Holdings Ltd (343.HK) said they plan to jointly exploit a version of the
Linux operating system known as Midori, developed by NASDAQ-listed Transmeta
Corp.
Upon the proposal, eForce will transfer 51 pct and Culturecom 49 pct in
Chinese 2000 Holdings Ltd to Chinese 2 Linux (Holdings) Ltd.
Transmeta will licence exclusive rights to Midori to a wholly-owned unit
of Chinese 2 Linux.
Chinese 2 Linux will in turn issue new shares to eForce, Culturecom and
Transmeta.
The exact shareholding in Chinese 2 Linux has not been determined by
eForce, Culturecom and Transmeta.
Midori was designed for removable electronic appliances and embedded
device applications software.
According to the plan, Midori will be launched globally, with initial
focus on Asian markets including China, Hong Kong, Macau and Taiwan.
susanna.tai@afxasia.com
st/mh/wpf
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