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October 1, 1998

PRICE WATERHOUSE AND DACOM SIGN INTERIM DEAL

By CBR Staff Writer

Price Waterhouse Coopers (PWC) and Dacom Corp have signed a letter of intent on a deal that will involve the management consulting arm of PWC buying shares in Dacom System Technologies, a systems integration subsidiary of Dacom. Under the deal PWC will arrange for the injection of foreign capital to help Dacom’s operations. Asian press sources said the deal is worth $20m in share purchase and $50m in raised capital, but PWC was unable to confirm these figures. A spokesperson for the company did say, however, that PWC is aggressively developing its business in the far east and that this deal with Dacom is part of an on going strategy that has only been slowed down by PWC’s recent merger with Coopers and Lybrand.

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