PChome Online and Cal-Comp Form Joint Venture to Enter e-Commerce Market in Thailand

TAIPEI, Taiwan, Jan. 29, 2015 /PRNewswire/ -- Cal-Comp (CCET; 9105-tw), a subsidiary of New Kinpo Group, and a leading global electronic manufacturing services (EMS) company, today announced a joint venture with PChome Online (8044-tw), an Internet media company offering e-commerce, advertisement, portal service, digital content, Internet access, and Internet community service. Together, the two well-known Taiwanese companies will build upon Cal-Comp's established leadership and in-market operations and PChome Online's extensive Internet expertise to provide the ultimate e-commerce service in Thailand. The capital for the joint venture, PChome Thailand Co., Ltd., is $100 million Thai baht (approximately $3,065,000 US Dollars).

PChome Online (www.pchome.com.tw) is the largest e-commerce group in Taiwan. The company debuted its IPO in Taiwan in January, 2005, and its consolidated revenue hit $16.3 billion TWD in 2013.  PChome Online owns numerous e-commerce websites including the biggest business-to-consumer online shopping website, PChome 24h Shopping, and the leading consumer online auction website, Ruten.

Cal-Comp is the largest EMS company in Thailand with more than 18,700 employees around the world. Cal-Comp became a public company in Thailand in 2001 and its consolidated revenue was $121.5 billion Thai Baht in 2013.

"Cal-Comp has more than 25 years of experience in Thailand," says Simon Shen, CEO of New Kinpo Group. "Through this joint venture with PChome Online, Cal-Comp will take advantage of our experience in global marketing and management to become a first-mover in AFTA (ASEAN Free Trade Area) market by providing convenient e-commerce solutions to local customers in Thailand."

"This joint venture with Cal-Comp is a milestone in global expansion for PChome Online. Thailand is the second largest economy in ASEAN (Association of Southeast Asian Nations) with more than 70 million people, providing a great potential for e-commerce," said Mr. Hung-Tze Jan, the Chairman of PChome Online.

About New Kinpo Group
New Kinpo Group (NKG) is a global electronic manufacturing services (EMS) and original design manufacturing (ODM) company that offers its customers lower costs, faster delivery times and world-class product quality. With revenue of more than $7 billion, the company is heavily invested in Thailand, Philippines, Brazil, Mexico and the U.S. NKG has one of the industry's broadest product lines, is the world's number one manufacturer of wireless routers, TV set top boxes, printers and hard disk drives, and offers end-to-end service. For more information and ongoing news, please visit http://www.newkinpogroup.com/english/about_news.html.

SOURCE New Kinpo Group

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