Rakon Limited
NZE:RAK ISIN:NZRAKE0001S8
Rakon Limited is a New Zealand-based company. The Company, together with its subsidiaries, is engaged in the development of frequency control solutions for a range of applications. The products manufactured by the Company include oven controlled crystal oscillators (OCXOs), temperature compensated OCXOs, ultra stable temperature compensated crystal oscillators, high stability temperature compensated crystal oscillators, voltage controlled crystal oscillators, precision quartz crystals, specialty products and general purpose products. The wholly owned subsidiaries of the Company include Rakon (Mauritius) Limited, Rakon HK Limited, Rakon America LLC and Rakon Singapore (Pte) Limited. On June 30, 2008; the Company completed the acquisition of E-times Holdings Limited. On March 28, 2008, three French companies; Rakon France Holdings SAS, Rakon France SAS and Argenteuil SAS were merged into the parent entity Rakon France Holdings SAS, which was renamed Rakon France SAS.
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Asian Activities Report for March 31, 2011 includes: Guildford Coal Limited (ASX:GUF) has reached a binding agreement for the acquisition of thermal and coking coal projects in Mongolia; MetroCoal Limited (ASX:MTE) intersected thicker than expected coal seams at Bundi Coal Project; Rakon Limited (NZE:RAK) is on track to open its new plant in China in July; Resource Generation Limited (ASX:RES) secures water for its Boikarabelo coal mine in South Africa.
New Zealand's global position system chip maker Rakon Ltd. (NZE:RAK) said Tuesday it will expand its joint manufacturing venture in China with its existing joint venture partner, Timemaker Crystal Technology Ltd., and expects the project to significantly boost sales and profits.
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