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ASRock and ASUS: Mythbust

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As of last year AsRock is a separate company not owned by Asus. Asus holds a small stock percentage but that doesnt mean they are owned by them.
Sources?
Wow, this is a long thread... as BT stated, ASRock is owned by Pagatron:

Look here:
http://www.pegatroncorp.com/company/businessOperation.php

What dealings Pagatron has with ASUS, I do not know.

Disclaimer: I'm an ASUS fan. :)
We have proved already that AsusTek owns Pegatron and Pegatron owns ASrock by what margins it is not clear, but, they have a lot of power that most of the board of directors are the same between the companies.
 
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Let's see...

I was a wholly owned subsidary of my Parents (the Company). This Company produced Offspring companies in me and my siblings. However, I grew so fast and to such proportions, we agreed I had to be spun off and become my own company. I then expanded my company with a partner and we began the business of producing Offspring (popular product!). Meanwhile the Parents are located 1543 miles away and have shifted their business from manufacturing to services. Specifically, the spoiling of local grandchildren (also a popular service). My Offspring Company is still related to the Parent Company, even though each company is in a completely different business and revenues are not shared. I am still related to my Sibling Companies, even though they are in a different business as well. A service related business of providing both material and logical products to their Offspring Companies. While revenues are still shared, their Offspring companies are becoming mature enough to be spun off and cut revenue sharing. In the end, all of these companies will still be related, yet completely separate entities wholly owned by themselves with no revenue sharing between companies. What's so complicated here? :D