The Group has already secured construction contracts of cable and fabric optic network for Guangzhou Science Park in Guangzhou Economic and Technological Development District, and cities such as Jinjiang, Shunde and Zhongshan in Guangdong province are also confirmed while Dongguan is in the course of negotiation. The total contracts amounted not less than HK$300 million and pending to be completed in two to three years¡¦ time.
In the ASP side, The Group will continue to devote handsome resources to enrich the contents and application services of its BtoB Corp2Net portal. Unsparing efforts have spent on marketing in the Greater China region with an emphasis in Taiwan. Its marketing arm will soon reach Korea, Japan and the USA.
The Group at the moment has HKD 100 million cash on hand to look for synergistic acquisition and partnership opportunities, which it believes development through such means is a good way to enhance its asset base and add value to its shareholders.
After China¡¦s accession to the WTO, foreign enterprises may allow to virtually become investors to infrastructure networks and the Group has the advantages of being one of the first tier companies to grasp the opportunities.