Dongguan hardware enterprises investment Holding Company LED huge loss of dissolution

December 24th, listed companies leaguer shares announcement: Dongguan Fu letter Hardware Machinery Co Ltd (hereinafter referred to as Dongguan Fu letter) invested 4 million yuan, relying on the establishment of the Shenzhen Research Institute of Tsinghua University LED Zhuhai Hua Guan photoelectric electronic technology limited company (hereinafter referred to as Hua Guan photoelectric), founded three years for business to appeal to the court filing dissolution loss.

In December 25th, LED China leading enterprises Dongguan KingSun Au Optronics Co (hereinafter referred to as KingSun) signed Chinese Singapore Guangzhou knowledge city, set up R & D center and sales headquarters, one of the knowledge economy to create heights with global influence.

This LED can be directly transformed, emerging industries are widely used in lighting, TV screen, after the early past blindly follow the trend of development, lack of funds and technology companies choose to flee the market is concentrated to a small number of leading manufacturers.

Hua Guan photoelectric loss is expected to 5 million 200 thousand yuan this year

In December 24th, the listed companies leaguer shares announcement of major litigation: a subsidiary of Zhuhai Hua Guan electronic technology limited company (hereinafter referred to as "Hua Guan") received the Zhuhai intermediate people's court case acceptance notice, the hospital decided to accept the case Hua Guan v. Zhuhai Hua Guan electronic photoelectric technology Co. company dissolution case. Dongguan Fu Cheng as a case of third people.

Dongguan Fu letter into the company is located in China Machinery Hardware Mold town of Changan, is a research and development, design, manufacture, sales and service in one, with a certain strength of the domestic machinery manufacturer. 2007, due to optimistic about the prospects for the LED industry, the company invested 4 million yuan, with the Hua Guan electronics co founded in Zhuhai, Hua Guan optoelectronics, registered capital of $10 million, Dongguan Fu Cheng holds a stake of 40%.

The company was founded three years later, Hua Guan Hua Guan photoelectric electronics said, due to the lack of independent and mature products, the scale of R & D investment has exceeded the carrying capacity of the enterprises, there are serious difficulties in the operation management, has been in a state of loss, Hua Guan electronics as a major shareholder has given a lot of support, but the company's financial situation has always been improved.

As of November 30, 2010, Hua Guan total assets 2 million 668 thousand yuan, total liabilities of $5 million 200 thousand, is expected to be about $2010 loss in fiscal year 3 million 753 thousand and 900. Decides to implement the liquidation procedures in accordance with the law, so as to minimize the loss of shareholder investment.

Yesterday, Dongguan rich letter to executives on behalf of the company has not yet failed to comment on the failure of the investment.

KingSun in Guangzhou knowledge city

I do not have a specific research data, but as far as I know, there is a loss of LED Street business phenomenon. Guangdong Lighting Electrical Appliance Association, said the president. Faced with the plight of the LED street industry, many companies choose to flee, which will allow the LED street market to a few large manufacturers focus.

The leading manufacturer of LED Dongguan KingSun is such an early by the small enterprise development. Li Xuliang, founder of the company said, because there is no experience can learn from all the technical breakthroughs have to rely on feeling the stones across the river.

"The lack of financial support, the most LED companies are struggling. Dongguan KingSun "in cooperation with the Tsinghua University, has not worked out results of predicament, 2007 was China the largest local venture capital institutions - Shenzhen innovation investment of tens of millions of dollars of venture capital funds. A total of three years, attracting venture investment of nearly six hundred million yuan, the bet including the prestigious Shenzhen innovation investment TBEA, Wanxiang group.

In December 25th, Guangzhou Urban Management Committee China Singapore knowledge opening ceremony, KingSun as the knowledge of science and technology projects with the Jingdong store other things together in signing the knowledge city, KingSun will set up R & D center and sales center in Guangzhou city.

"We bought her future. "Li Xuliang said, settled in Guangzhou knowledge city is KingSun continue to consolidate the leading position of the landmark event LED. Guangzhou knowledge city is a strategic landmark of Guangdong and Singapore cooperation projects, planning a total population of 500 thousand people, the project plan and strive through 20 years of efforts, the city will become the leading China knowledge construction of knowledge economy development, with global influence of knowledge economy, the internationalization of urban innovation highland ecotype.