Yuxing, 5 others take collective 5.41 pct stake in Founder Technology

HONG KONG (AFX-ASIA) - Yuxing InfoTech Holdings Ltd said it and five other companies have collectively become the largest shareholder in Shanghai Founder Yanzhong Science & Technology group Ltd by taking a 5.41 pct stake in the firm.

	    In a statement, Yuxing said the development is expected to help Yuxing to achieve its goal of becoming a leading technology and solutions provider. 

	    Yuxing said the five others are Shenzhen Nian Fu Industrial Co Ltd, Beijing Yuxing Machinery and Electronics Research Centre, Shenzhen Kai Di Investment Management Co Lt, Henan Jue Wu Industrial Co Ltd and Shanghai Yu Tong Capital Investment.

	    Founder Technology, an A-share stock on the Shanghai Stock Exchange, is the second largest supplier of PCs in China, the statement said, adding 

Peking University is also one of Founder Technology's shareholders.

	    Yuxing said the six companies propose revising the use of Founder Technology's provident fund and to add candidates for election as directors and supervisors of the firm.

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