Accelerate the contraction of thin front SVA attract investment 10 billion – on
Probably just a coincidence, 2006 Electronic Hundred rankings released only one week, the fifth by the year slipped to eighth in the last
Broadcasting Group companies announced a series of dazzling joint venture and restructuring programs, to the TFT-
LCD Industrial Transformation urgent mentality glance. But it's the balance sheets of listed companies can be seen, to complete this transition may have to rely on massive import of funds outside the billions.
6 9, Daiwa Securities SMBC up radio and television announced
NEC Injection of 25 million U.S. dollars, for the TFT-LCD production line expansion, which is the first time Daiwa Securities Investment Manufacturing Enterprises in China; after day, G SVA (600637.SH) announced the sale of its stake in 7 companies; and after SVA has with Japan
Electric Glass Co., Ltd. and Cadence in the United States TFT-LCD industry chain signed a joint venture.
Shot boxing combination "This is the first time on radio and television co-operation with the offshore financial industry." Jiang Songtao, vice president of SVA Group said. SMBC Daiwa Securities Co., Ltd. Representative Director Senior Managing Director Ji told reporters while remaining true: "We will use their experience to provide support for the SVA NEC."
According to the agreement reached, Daiwa Securities SMBC will be up SVA NEC replenishment of 25 million U.S. dollars. Completion of capital increase after the Daiwa Securities SMBC as SVA NEC's new shareholders, SVA NEC's registered capital will reach 71.48 billion yen in which SVA's SVA Optronics funded 75%, NEC funded 21.36%, Daiwa Securities SMBC holds left under the shares.
It is understood that the joint venture, the Daiwa Securities SMBC will also serve as financial advisor to SVA Group, for the SVA's business strategy, financial planning and implementation of strategies to provide comprehensive support services.
Injection of funds will be used to its product line expansion. Jiang Songtao said that under the previous plan SVA NEC, the year of its annual production capacity from 540,000 to expand production capacity to 1.02 million large large.
At the same time, SVA's other companies are accelerating shrinking front.
6 8 , G, on radio and television announcement that: "According to the January 17, 2006 Board of Directors prescribed by the fifth 8, the company intends to sell holdings Shanghai SVA Group SVA
Real estate Co., Ltd., the shares of seven companies. "
Specific programs are: "to Shanghai SVA (Group) Co., Ltd. Shanghai SVA-owned enterprise subsidiary of state-owned Assets Management Co., the transfer of ownership of enterprises to adjust for the 4: Radio and Television Real Estate Co., Ltd. 25% Shanghai, China and China's information industry recorded Co., Ltd. 8%, Beijing New Technology Venture Sea Q Investment Management Limited 23.5% and Shanghai Guang Xin Xu
Motor Limited 32% stake. " Same time, "intends to hold the Foreign Technical Cooperation Co., Ltd. Shanghai SVA's five companies, the Shanghai United Assets and Equity Exchange listing through the transfer."
Transfer and listed companies face liquidation, some because of loss, such as Shanghai Tatsumi Electronics Co., Ltd., "The poor efficiency, as of December 31, 2005 accumulated losses of 1.206 million yuan, in January this year there was even a month -4 30,000 yuan of losses. "But more than that because" the company's corporate strategic planning and adjustment of the survival and development of the practical needs of business "sale or listing.
Accelerated transition "To deal with other assets, is to speed up the TFT-LCD industry in transition." SVA, a senior, said.
The SVA Group President Gu training column appears, with the increasing pressure on competition in the industry, on radio and television must find more stronger partners. Gu Pei-chu told reporters, the second production line TFT-LCD joint venture partners, conducted the negotiations are intense.
From SVA, according to internal sources, has a Japanese TFT-LCD giants are almost certainly will participate in the joint venture, another still in negotiation. After market rumors that Sharp has been building on radio and television will take part in the second TFT-LCD production line.
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