In just a short 2 days after the press release of HanZpad targetting the China education market, Creative shares leap more than 88%. The share closed at $4.57, which is more than 88% increase in share price. Our Creative share fanatic who is always talking and promoting about Creative shares will be thrilled to see this.
Thanks to the Creative news that HanZpad Alliance, a partnership to make and sell tablet called HanZpad which Creative will supply the chip and certain design features.
Mr Sim Wong Hoo said in Beijing during the official launch that "I just want to focus on China first. There are 200 million schoolkids there - a wonderful opportunity for us"
"The Chinese government, in its latest five year education plan wants to switch all textbooks to electronic ones. And what better way to use e-books than on tablets"
"By focusing on the chips, we can build really powerful chips. We won't have to deal with such distractions as marketing and distribution"
Mr Sim is confident that the HanZpad will succeed as with the support of the HanZpad Alliance, the chip, sales, manufacturing, distribution and content will be well taken care of.
The Creative office in Beijing has been developing Chinese content which will be bundled into every HanZpad to be sold to the schools in China.
Creative will be producing several thousands tablets in May and are to be given away as samples to chinese manufacturers to be used in a pilot school project.
Did Creative really hit the jackpot this time? Please feel free to let us know in the comments section below.