Instrument 2.18 billion acquisition of SVA core assets

The first phase of the rescue plan dust settled, radio and television two subsidiaries all shares to the instrument Electric Group (reporter Xu Mong) Rescue SVA, the first phase of dust settles.　　Yesterday, radio and television and radio and television information issued an emergency bulletin said, by the Shanghai municipal government and the Shanghai Sasac set up a working group on how to get rid of the plight of radio and television groups to formulate a work plan, the Broadcasting group will hold its two subsidiaries all shares transferred to Shanghai Instrument Electric group, at the same time The announcement said that the instrument and Television Group and the Broadcasting Group have signed the agreement on the transfer of shares. Instrument and electricity group will be funded 1.11 billion yuan, 1.07 billion yuan, the acquisition of radio and Television Group held radio and television electronics 30.07% shares and radio and television information 42.24% of the equity.　　After the completion of the acquisition, Instrument Electric Group will become the original SVA two listed subsidiaries of the controlling shareholder. Radio and Television group said that in recent years, the investment in the LCD panel main business, due to mismanagement, market update too fast, and other reasons, a huge loss, resulting in tight capital, bank loan repayment pressure is huge, normal operating difficulties.　　By selling the stake of the core enterprise, it can lighten the pressure of the liability of the Broadcasting Group and make the group able to maintain its daily operation. A dose of medicine temporarily stopped the SVA "pain", next, the main business of radio and television Group ——— LCD panel who to take over?　　Reporter learned that the instrument and electricity group as a state-owned holding company, the real industry is running out, the current instrument and electricity group only managed SVA two listed companies, the future instrument electricity can not directly operate on the LCD panel production line. In this transaction, the radio and television electronics will hold the transfer of radio and television optoelectronics shares to the radio and television Group. Optoelectronics Company is SVA TFT-LCD Five Dynasties line core platform, the same period last year, the radio and television Group to the radio and TV electronic injection of optoelectronic assets, so that radio and television 100% has TFT-LCD five-year line, this means that the radio and electronic parts of the five-year line assets "back home.　　Radio and Television Group also said that the transaction will also be for the future of TV group LCD business further integration to create conditions, can be seen, the current radio and television group has not let go of the TFT-LCD five lines, which is the largest radio and television group "loss of bleeding point." "The War of radio and television" has not discouraged Shanghai to develop a "new display" of the industry's determination. Last week, the Shanghai nine high-tech industry revitalization Implementation plan, "new display" is clearly listed as the city's next 3 years, one of the key promotion industries. Proposal, the new display field will focus on the construction of high generation TFT-LCD panel production line, and strive to 2012 to enable the new display industry scale of 50 billion yuan. However, the loss of listed companies financing platform, the current radio and television group positioning in the debt and struggling to maintain, obviously can not afford more than 20 billion yuan of high generation line investment; The instrument group itself has no strength and technical ability to develop high generation lines. According to the Municipal commission related industry Planners said this year in the "New display" field, the main push is Tianma company 4.5-generation OLED pilot line, as the TFT-LCD industry market is still depressed, the recent almostIt is impossible to put into production the high generation TFT-LCD line, which may be introduced into the future by strategic investors or government investment.