Asustek’s Shih open to potential merger with Acer

September 22, 2013 Leave a comment

Asustek’s Shih open to potential merger with Acer

Staff Reporter

2013-09-21

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Jonney Shih bangs the drum for Asus at an event in Taipei on Sept. 18. (Photo/Nien Geng-hao)

Asustek chairman Jonney Shih said on Sept. 18 that he is open to the idea of a potential merger with local rival Acer. Approached for a response to rumors that Taiwan’s two leading PC makers could merge, Shih, said, “There are major changes and transformations going on in the industry at this time and everybody is looking for a way to break out of the difficulties,” Shih said. “I would open the door to all kinds of possibilities.” Maverick Shih, head of Acer Cloud and son of Acer founder Stan Shih, said in response that he admired Jonney Shih’s leadership but that he would not comment on a potential merger. Asustek has begun to shift its focus from laptops to tablet computers and smartphones. Jonney Shih said smartphones have never been one of Asustek’s major products in the past but smartphones and cloud business are now the biggest tech growth areas. “We began from high-end smartphones but we will continue to introduce more entry-level smartphones in the future,” Jonney Shih said.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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