Hongsheng released early: will not return to Skyworth would choose to start again

Will not return to Skyworth, will choose to start again; Skyworth Digital shares rose 12.86% yesterday, there is news that the original Skyworth group and Skyworth Holdings chairman of the Board of Directors Hongsheng released early from prison.　　That afternoon, Skyworth Group sent a statement to our correspondent, and at the same time confirmed on its official website that Hongsheng had returned to his home on July 4. Affected by this news, the Hong Kong Stock Exchange on the listing of Skyworth Digital (00751) after the opening of HK $1.72, a unilateral rally, up to 2.06 Hong Kong dollar, the closing price of 1.71 Hong Kong dollar rose 20.47%. The unit eventually closed at HK $1.93 and rose 12.86% to become the highest-rising company of mainland home appliance companies that listed in Hong Kong yesterday.　　In this respect, some securities analysts pointed out that the capital market for Hongsheng out of the reaction is very positive, expect yellow after the release of Skyworth to bring new space for development.　　July 4 has returned to the home reporter yesterday 3 o'clock in the afternoon to call Skyworth Group Chairman Xuebin, Skyworth Group Vice President Yang Dongwen and Skyworth Group spokesperson Shen Jian, they mobile phone or shutdown, or transfer to the secretarial desk.　　Yesterday 5 o'clock in the afternoon, Skyworth Group sent a statement to reporters that "the company today from the informal channel learned that Mr. Hongsheng has returned to his home on July 4, 2009, but the details are not known, nor received any official notice." After Skyworth issued an official statement confirming that Hongsheng had been released, the chairman and CEO of Skyworth's board of directors Xuebin first spoke about Hongsheng's release from prison. Xuebin said to the media, "Hongsheng at home, because the action is still limited by certain conditions, Skyworth did not do his return to the study."　　Xuebin stressed that the early release of Hongsheng will not have any impact on Skyworth, "he is not a director, not a manager, but a shareholder, not to make any instructions to Skyworth." Skyworth Group in the relevant statement also said: "Skyworth Digital Holdings Limited is a strict governance structure of listed companies, its production, management, management will not be affected by any personal factors." "There are news that the Hongsheng will not return to Skyworth after being released on bail, but will choose to start a new venture again," he said. However, Hongsheng is still the largest shareholder in Skyworth Digital, with a stake of as much as 40%. "There is no need to go to the front desk again, because the current team of professional managers has Hongsheng Skyworth," he said.　　Lu Xianbo, Deputy Secretary-General of the China Electronic Chamber of Commerce, told reporters that in the nearly five years since the helm of the "Lost" Hongsheng, Skyworth's total revenue has increased from HK $10.466 billion in 2004 to HK $15 billion in 2008. Hongsheng was arrested in November 2004 by the Hong Kong ICAC's "Tiger Mountain" operation and was sentenced to 6 years ' imprisonment for 4 counts of conspiracy to steal and defraud of listed companies ' assets in July 2006. According to the laws of Hong Kong, Hongsheng's 6-year term expires next year, excluding holidays.　　[Page] Memorabilia 1989 Hongsheng founded Skyworth. 2000 Skyworth listed in the Hong Kong Main board, raise funds 10Billion Yuan.　　2001 Skyworth TV sales breakthrough 7 billion yuan Mark, into the top three of China's color TV industry.　　November 30, 2004 the Hong Kong Independent Commission Against Corruption "Tiger Mountain" operation arrested 10 persons such as Hongsheng.　　December 2, 2004 the Hong Kong Independent Commission Against Corruption (ICAC) accused Hongsheng and others of fraud and misappropriation of up to HK $ more than 48 million of Skyworth digital funds.　　December 2004 Skyworth Digital announced Hongsheng no longer assume the role of chairman of the company, Gairen Non-executive Chairman. In January 2005, Hongsheng was further charged with 3 counts of conspiracy to steal.　　In the following 1.5 time, the court has several evidence, trial. July 13, 2006 Hongsheng and its brother, Skyworth former executive director Huang for conspiracy to steal and conspiracy to defraud Skyworth Department of HK $ more than 50 million and other 4 charges were set up, the two were sentenced to 6 years imprisonment respectively by the Hong Kong Eastern Court.　　The judgement of the Hong Kong Eastern Court indicated that Hongsheng and Huang, during the period from November 1, 2000 to October 31, 2004, conspired with their mother Louying and Wang Peng to steal a sum of HK $2.2 million belonging to Skyworth network company and another amount of Skyworth digital, involving over HK $48 million. August 11, 2006 Skyworth Digital publicly announced that Hongsheng has resigned as a Non-executive chairman and Non-executive director of the company.　　So far, Hongsheng in Skyworth Digital no longer hold any position. September 3, 2008 Hong Kong media reported that Skyworth Digital former chairman Hongsheng and his brother Huang appealed against public funds and conspiracy to defraud, but was dismissed by the Hong Kong High Court appeal Court.　　In his judgment, the judge pointed out that Hongsheng and brother Huang, claiming that they did not know that the mother was manipulating large sums of money, were not possible and not credible, and upheld the verdict. July 4, 2009 Hongsheng early bail released.