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November 24, 1993

CASIO SET TO LAUNCH TWO NEW JOINT VENTURES

By CBR Staff Writer

Casio Computer Co Ltd says it will launch two joint ventures in China to make pagers next month: Shanghai Guo-Mai Casio Telecommunication Co Ltd, capitalised at $1.5m, will be owned 21% by Casio, 19% by Mitsui & Co Ltd and 60% by China’s Shanghai Guo Mai Union Co Ltd, and forecasts sales of $23m in 1995, Reuter reported; Casio Lang Chao Communication & Electronics Co Ltd, based in Jinan in eastern China and capitalised at $7.5m, will be owned 29% by Casio, 21% by Nichimen Corp and 50% by China’s Lang Chao Electronics Information Industrial Group Co, and will also produce Chinese-language word processors; it projects sales of $93m for calendar 1995.

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