"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
"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."
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