By Wu Youxiang of Hangzhou Daily

Last evening, Zhejiang University Insigma Technology (600797.SH), an IT enterprise with head office in Hangzhou, announced on the website of Shanghai Stock Exchange that the company has recently issued a stock transfer memorandum. According to the announcement, Insigma will contribute a capital of US$7 million (around RMB54.61 millions) to acquire 51.5% share of an oversea software outside package company ( Comtech), which is one of an important partners of Microsoft.