The Company was first listed on The Stock Exchange of Hong Kong Limited (the "HK Stock Exchange") in 1994 with the manufacture and sale of office furniture as its main business.
On 22nd January, 2001, the Group (i.e. the Company and its subsidiaries) has successfully completed its restructuring by acquiring two major businesses namely (i) the Semiconductor Business and (ii) the Compressor Business from China Resources (Holdings) Company Limited ("CRH"), the Company's substantial and controlling shareholder. The name of the Company has also been changed from Logic International Holdings Limited to China Resources Logic Limited (the "Company"). The Group disposed of its Office Furniture Business in 2005 and Compressor Business in 2007 to focus on the Semiconductor Business. The Group has become a semiconductor developer, manufacturer and supplier, focusing mainly on manufacturing and supplying analogue Integrated Circuits ("ICs") used in consumer electronics manufactured in China.
In 2002, the Group's Semiconductor Business acquired a major semiconductor manufacturer in the PRC and provided the Group with a solid PRC based manufacturing platform. In 2003, the Group restructured its associated open foundry business and invited major international semiconductor foundry and international investors as equity partners. This open foundry associated company was successfully listed on the Main Board of the HK Stock Exchange in August, 2004 and subsequently in July, 2006, the Group successfully acquired a controlling interest therein via a voluntary conditional offer. In June, 2006, the Group set up a PRC based joint venture IC assembly and testing foundry with STATS ChipPAC Ltd. of Singapore, to provide higher value added IC testing and packaging foundry services. These measures catapulted the Group to become one of the largest local players in the PRC semiconductor industry with integrated manufacturing and service capabilities covering design, fabrication, foundry services and test and assembly services.
Positioning & Strategy
The Group positions itself to become the leading analogue semiconductor developer, manufacturer and supplier in the People's Republic of China (the "PRC") by focusing on business opportunities in the PRC and by capitalising on the PRC's eminent position as the global manufacturing powerhouse as well as its burgeoning domestic market. This leverage, together with the Group's cost efficient Chinese manufacturing platforms plus the technological edge provided by the Group's strategic partners, serve as the Group's long term strategy to achieve its leading position in China.
updated 10th April 2008
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