Flander Oy Acquires Mobile Testing Business of China Hexin Group

Flander Oy Acquires Mobile Testing Business of China Hexin Group

June 28, 2007

E. J. McKay Acts as Financial Adviser to Flander Oy in the
Transaction

    BEIJING, China, June 28 /Xinhua-PRNewswire/ -- Flander
Oy today announced the signing of a definitive agreement to
acquire 100% of the mobile testing business of Beijing Hexin
Digital Technology Limited. Helsinki based Flander is a
telecommunication software development and testing company
with a strong presence among leading global mobile OEMs.
Hexin is a leading Chinese software and mobile testing
service provider based in Beijing. 

    The transaction, which extends Flander's global
footprint from northern Europe to China and allows Hexin to
focus on its core software development business, is
representative of the kind of work E. J. McKay is engaged
in, that of "advising a highly selective group of key
clients in their significant cross-border transactions that
create measurable synergy and transform the economics of the
impacted industry," commented James Z. Li, Managing
Director of E. J. McKay.   

    About Flander Oy

    With its head office in Helsinki, Finland, and
footprints in multiple European locations, Flander is a
leading international provider of mobile software testing
and development services. Flander's customers include top
tier mobile handset manufacturers, independent software
vendors, mobile operations and service providers. The firm
is consistently ranked as among the finest mobile testing
and software service providers by global mobile OEMs. 

    About Hexin Group

    Founded in 1998, Beijing Hexin Digital Technology Ltd.
is a software service company based in Beijing, China. The
divesture of the mobile testing businesses represents a
strategic decision by the firm to focus its resources on
its core software development businesses. 

    About E. J. McKay

    E. J. McKay is a Shanghai based investment banking
group specialized in structuring complex cross-border
mergers & acquisitions and merchant banking
transactions. With a presence in 17 countries and 23 major
financial centers around the world and a dedicated focus on
China, the firm advises transactions both inbound and
outbound, representing clients both local and
multinational. 


    For further information, please contact:

    Keith Lee
    Tel:   [phone]
    Email: [e-mail] 

    Web: http://www.ejmckay.com , http://www.ejmckay.net