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Media Release
• Strategic win-win collaboration enables DMX to accelerate growth in line with its
strategy to become the leading telecom / media solutions provider in Asia
• Support existing management to continue to drive key strategies and grow its
existing business; in line with KDDI’s policy of promoting growth of its own
group of companies
Singapore, 10 September 2009 – SGX-ST Main Board-listed, DMX Technologies Group
Limited (“DMX” and together with its subsidiaries, the “Group”; SGX: 5CH.SI) today
announced a strategic share placement to Tokyo Stock Exchange-listed KDDI Corporation (“KDDI”),
a leading telecom service provider in Japan with a comprehensive suite of products and services
ranging from voice-to-data as well as total Information and Communication Technology solutions
(“ICT” Solutions”) in both the fixed and mobile segments in Japan. KDDI, with revenues of
approximately US$37.2 billion for the year ended 31 March 2009, is also one of the largest
telecommunication carriers in Asia Pacific.
The proposed placement, upon approval from shareholders of DMX in a special general meeting to
be convened in due course, marks a critical milestone for DMX to tap into the innovation, expertise
and know-how of KDDI across different markets, services and products and provides DMX an
opportunity to enhance its product offering for the growth of its business. Furthermore, DMX’s
existing management will be supported by KDDI to continue to drive key strategies and grow its
existing business; in line with KDDI’s policy of promoting the growth of its own group of companies.
Commenting on the proposed placement, Mr Emmy Wu, DMX’s Chairman and co-founder said,
“DMX is very pleased to have found a strategic partner in KDDI, which is well respected within the
global telecom industry and is a highly credible group listed on the Tokyo Stock Exchange reputed
for its high standards of corporate governance.”
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DMX TECHNOLOGIES LIMITED
Ms Jismyl Teo, DMX’s CEO and co-founder, said “The management team of DMX is very excited at
the prospects of working with KDDI as a partner to accelerate our growth in line with our strategy to
become the leading telecom / media solutions provider in Asia Pacific.”
“During the last few months of discussions with KDDI, we have identified areas where we can
leverage the expertise, experience, resources and technological know-how of KDDI to create new
growth opportunities. These areas include both our infrastructure solutions and digital media group.
We also see possible new sources of revenue through potential customer referrals from KDDI in the
Asia Pacific region” added Ms Teo.
Ms Teo also commented, “Our existing business is capital-intensive. With the enhancement of our
balance sheet through the injection of new capital, DMX will have the financial strength and flexibility
to capitalise on new business opportunities and continue its value creation through the development
of software and the expansion of DMX’s services. This partnership will also enable DMX to enlarge
its geographical footprint. The businesses of KDDI and DMX are complementary to each other and
we look forward to the rare opportunity of being part of a financially strong and reputable telecom
operator.”
The Hongkong and Shanghai Banking Corporation Limited (HSBC) is the exclusive financial advisor
to DMX on this transaction.
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This press release is to be read in conjunction with DMX’s filings to the SGX-ST, which can be
downloaded from www.sgx.com via drop-down menu / listed company announcements.
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DMX TECHNOLOGIES LIMITED
KDDI’s data centre, which features carrier free connectivity and very high up-time, has a total space of
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approximately 70,000m worldwide. The company leverages on its close partnership with 300
telecommunications operators in 235 countries to support the growth of its overseas corporate ICT business.
For the financial year ended 31 March 2009, KDDI achieved US$2.4 billion in net profit on the back of
approximately US$37.2 billion revenue.