It has formed a new joint venture company in Hong Kong called DCS AsiaPac Ltd in which it will have a 40% stake with another 40% held by its partner Sime Darby Motor Group (HK) Ltd, part of the Malaysia-based Sime Darby Group. Local investors will hold the remaining 20% of the equity.
Under terms of the agreement, DCS will not put any cash into the venture but will provide the company with software and distribution rights that it values at 250,000 pounds ($397,500)
DCS’s automotive division provides applications for 13,000 automotive dealerships across Europe, and it sees enormous potential in China, where automobile sales passed the one million mark for the first time this year.
Source: Computerwire
