Edifier buys Stax
In an announcement in its website, which surprised many in the hi-fi industry, Edifier's Board of Directors met on Dec 7 and approved a decision to buy a 100% stake in Stax Ltd for 120 million yen (9.7693 million yuan).
Stax was founded in 1938 by Naotake Hayashi and it became famed for its condenser microphones and electrostatic headphones. Malaysians had the chance to test the Stax headphones when Jaben set up shop in Subang Jaya, Selangor, a couple of years ago.
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