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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.
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.