Niche information services provider United Business Media Ltd., UK, has announced that it has completed the transfer of its 70 percent interest in the China International Optoelectronic Expo (CIOE) trade show to eMedia Asia Ltd. eMedia Asia is a joint venture between Global Sources (60%) and United Business Media's EETimes Group (40%). UBM received a net cash consideration of $5 million from eMedia.
CIOE claims to be the world's largest optoelectronics event. Established in 1999, it is held annually in Shenzhen, the centre of China's optoelectronics industry. The show covers all aspects of the optoelectronics market, including laser and infrared applications, precision optics, optical communications and LEDs. The 2009 event was held in September and attracted more than 2,000 exhibitors. United Business Media Limited acquired its 70% interest in the show in August 2009.
UBM and Global Sources established their eMedia Asia joint venture in 2000 to develop and market media products for the China electronic engineering community.
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