Wanbang photoelectric business deterioration Fujing technology "ruling"

Fu Jing Technology (002222) announcement today, the company shares Wanban optoelectronics business continued to deteriorate, the company intends to its long-term equity investment 58 million yuan full impairment, resulting in the year 2014 is expected to not more than 17 million 600 thousand yuan of losses.

The Fu Jing technology "ruling" has been threatened. September 17, 2014, Fu Jing technology has issued a risk warning announcement that there Wanban optoelectronics part of the funds by large shareholders zhongkewanbang companies illegal misappropriation, why Wen Ming debt guarantees and other issues, business conditions deteriorated. At the same time, the network also broke the state photoelectric arrears 400 million, most of the staff were dismissed, the actual controller He Wenming was included in the list of national dishonest debtor.

Fu Jing technology secretaries Cai Dequan told reporters that Wanban optoelectronics business continued to deteriorate, there are many uncontrollable factors, in this case, it is necessary to stop as soon as possible, the company recently filed an application for dissolution.

In the LED industry investment like a raging fire in 2010, Fujian Wanbang photoelectric Co. Ltd. Fu Jing technology joint Fujian zhongkewanbang Au Optronics Co, where Wen Ming and Wu Danfeng jointly set up the main LED lighting package business. In the equity structure, Fu Jing technology investment 39 million yuan holdings Wanbang photoelectric 41.49% stake, zhongkewanbang holds 54.25% stake, natural He Wenming and Wu Danfeng couple were holding 3.62% and 0.64% stake. Since the Department of State Department of He Wenming and the couple holding company in, so the two people for the actual control of state photoelectric.

It is understood that the original Fu Jing technology investment in the LED industry's intention is to build the company to double the main pattern. At that time the company is quite optimistic about the investment, if the project growth in line with expectations, but also plans to use 2 to 3 years by adding a fixed amount of all the shares of the state of the world into the capsule. Helpless.

For investors concerned about the Wanbang photoelectric debt to deal with the problem, Cai Dequan said, Wanban optoelectronics is a limited liability company, the company of the provision for impairment has covered all the gains and losses, the future will not cause further impact on the performance of the company.

It is understood that Wanban optoelectronics business and Fujing technology optical crystal without substantial Industry Association, 2014 Fu Jing technology industry is still less than 10% to achieve growth.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).