Neo Telemedia and CNOOIT Sign Strategic Cooperation Framework Agreement; Joint Venture Set to Become First Class Information-based Enterprise in China

Sep 01, 2016 18:21 JST

Source: Neo Telemedia Limited

Jointly Develop Hong Kong, Macau and Overseas Markets

HONG KONG, Sep 01, 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.

Contact:

Strategic Financial Relations Limited
Joanne Lam     Tel: 852-2864 4816  Email: joanne.lam@sprg.com.hk
Cecilia Shum   Tel: 852-2864 4890  Email: cecilia.shum@sprg.com.hk
Jeffrey Tam    Tel: 852-2864 4858  Email: jeffrey.tam@sprg.com.hk
Fax: 852-2527 1196

Source: Neo Telemedia Limited
Sectors: Media & Marketing, Daily Finance, Daily News