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LinuxPR: Sun Wah Hi-Tech of RedFlag Linux To Drive Homegrown Software and OS Development

Oct 16, 2000, 20:18 (0 Talkback[s])

"Sun Wah Hi-Tech Group ("SWHT") today announced in Shenzhen it has become a strategic shareholder of RedFlag Software Co. Ltd. ("RedFlag") to promote the homegrown software and OS industry internationally."

"The two parties have previously formed a strategic alliance through which SWHT was named the first RedFlag-authorized dealer in Asia, certified to run the first RedFlag Linux Training and Technical Centre in the region."

"SWHT will bring technological excellence to the partnership. Additionally, RedFlag will benefit from its other shareholders - NewMargin Venture Capital and Chengwei Ventures, two leaders in the PRC investment community. RedFlag, through this capital-raising plan, aims to develop in three ways. First, the company wants to improve market share by setting up sales points in Greater China. Second, RedFlag is looking to develop innovative homegrown software techniques. Third, it aims to propel this homegrown software onto the international market."

Press Release