|Jointly Develop Hong Kong, Macau and Overseas Markets|
HONG KONG, Sept 1, 2016 - (ACN Newswire) - Neo Telemedia Limited ("Neo Telemedia" or the "Group"; stock code: 8167) announced that its wholly-owned subsidiary Guangdong Bluesea Mobile Development Co., Ltd. ("Guangdong Bluesea") and China National Offshore Oil Information Technology Limited ("CNOOIT"), a subsidiary of CNOOC Energy Technology & Services Limited, signed a strategic cooperation framework agreement (the "Cooperation Agreement") on 1 August 2016, pursuant to which a joint venture will be formed to aid development of markets around the world.
CNOOIT has built a service network that covers Chinese territorial waters and all territories in the country. It also possesses the capacity of whole information technology industry chain of planning and design, electro-weak integration, information technology, industrial automation and operation and maintenance.
Marrying the strengths of Guangdong Bluesea in Internet data center, cloud computing andbig data and the professional information services technology of CNOOIT, the joint venture will provide technology and services of Internet data center, big data applications, Industrie 4.0 and Internet+, and introduce such advanced technology into CNOOC as well as expand into other industries proactively. The aim of the Group is to become a first class information-based enterprise in China. The cooperation will be a business growth driver for the Group, enabling it to generate optimum returns to shareholders in the long run.
About Neo Telemedia Limited
Neo Telemedia Limited and its subsidiaries (collectively, the "Group") invest and operate Internet Data Center, provide big data and cloud computing services. The Group was included as a constituent stock in the MSCI Hong Kong Small Cap Index with effect from December 2016. Its wholly-owned subsidiary, Guangdong Bluesea Mobile Development Company Limited, partners with large-scale telecommunications operator in China to establish a large-scale cloud computing centre in Southern China. Additionally, Avatar Wealth and Bees Financial offer Internet finance platform business services. Shenzhou Aerospace Manufacturing Technology (Guangdong) Institute, which was jointly established by the Group, Shenzhou Aerospace Software Limited and Foshan Chancheng District People's Government, was registered as a non-profit organization at the Department of Civil Affairs of Guangdong Province on 23 October 2015. At the end of 2015, the Group completed a public offer and raised approximately HK$1.1 billion to be invested in the data center of Guangdong Bluesea Mobile Development Co., Ltd., including the Bluesea Big Data Industrial Park in Jiangmen Heshan City.
Strategic Financial Relations Limited
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Sept 1, 2016 17:21 HKT/SGT
Source: Neo Telemedia Limited
Topic: Press release summary
Sectors: Media, Daily Finance, Daily News
From the Asia Corporate News Network
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