Radio and television information, radio and television electronic "exchange Transfusion" protection shell

12 years ago, the Shanghai instrument and electricity of a "separation-reorganization" of the birth of the radio and Television group, now, SVA's two listed companies in a lot of twists and turns after the shelter of the Shanghai instrument electricity, such a reincarnation, intriguing. Radio and television electronics and radio and television information the night before the release of the announcement, the instrument Electric group to the total price of 2.19 billion yuan acquisition Sva held the radio and television electronics 30.07% and radio and television information 42.24% shareholding, become its major shareholder.　　Close to the Shanghai people said that this is only the first step of restructuring, then the panel will be the SVA of the loss of debt assessment and liquidation, and then a package of equity replacement and debt restructuring plan. And in the restructuring of the Five Dynasties line, this also from the listed companies stripped, belonging to the radio and television group ——— Broadcasting Group will hold 75% of the five-line equity.　　It is reported that SVA may sell some stake to the deep Tianma. Stimulated by the reorganization of news, radio and television electronics and radio and television information trading yesterday.　　To close, radio and television electronics Rose 9.97%, radio and television information Rose 9.95%.　　Instrument power to help the two listed companies this March, SVA due to insolvency by the Shanghai Sasac authorized Shanghai instrument and Electricity group trusteeship Reorganization, the idea is to save two listed companies, the loss of liquid crystal business from the listed companies stripped, so that listed companies profit. The night before yesterday, SVA reorganized drop. According to the bulletin, the instrument and electricity group will be 1.111 billion yuan, 1.075 billion yuan price, the acquisition of SVA held radio and television electronics 30.07% and radio and television information 42.24% Equity, the transfer price of 3.15 yuan/unit, 3.59 yuan/share.　　After the transfer of the shares, the broadcasting group will no longer hold the shares of the above two companies, radio and television electronics, radio and television information of the controlling shareholder will also be changed to instrument Electric Group. "This transaction is expected to bring a cash inflow of 1 billion yuan, will help reduce investment losses, reduce corporate financial burden, ease cash flow and debt service pressure."　　"Radio and television electronic Bulletin said, after the completion of the transaction, the company is still engaged in small and medium-sized LCD screen and its modules, electronic devices, commercial trade and other business. Radio and television information is stressed that the radio and television Group has made a commitment to the instrument and electricity group transfer of radio and television information 42.24% shares completed within 15th, the return of all due 654 million yuan.　　"Corporate money will increase, solvency will increase, corporate financial risk will be reduced, and the company's performance has a positive impact."　　And the loss of large Shanghai radio and Television Optoelectronics Co., Ltd. (hereinafter referred to as "optoelectronics Company") from the two listed companies completely stripped, so that listed companies to Lightsome ——— 2008, optoelectronics Company a huge loss of 1.43 billion yuan. "The restructuring plan is to allow listed companies to travel light."　　"Radio and Electronic deputy chairman Song Tao has said that SVA restructuring work is divided into" three steps "——— first is to inject capital, stripping non-core business, the second is to conduct internal equity carding and debt restructuring, the third is to reorganize the assets of listed companies, the main business reorganization planning, and disposal of non-performing assets. Nankeyimeng。 Earlier, SVA was still ambitiousCloth Its development strategy: to 2010 years revenue to reach 10 billion U.S. dollars, SV a brand become an international famous brand, the company become the electronic information industry in the world-class companies.　　This strategy was once called "Sony of China" in SVA, and now apathy. Chuan-shen Tianma buy five lines reached agreement, "the capital chain broke, the original high hopes of the fifth generation of LCD production line, not only can not hematopoietic, but also become a bleeding point."　　"Radio and television electronics Dong Hu Zhiqui said SVA's fifth-generation LCD production line has worn down the group. The fifth generation LCD panel production line was once an important step in the SVA transition plate display industry. From 2003 to present, SVA in the fifth generation of LCD projects before and after the investment of more than 10 billion yuan, most of the funds from bank loans. But the big investment not only has not brought the big return, but also became the big burden: the broadcasting and television LCD five-year line since 2005 production to 2007 consecutive three years loss, total loss more than 500 million yuan.　　Until stripping out the listed companies, was on the acquisition of radio and Television Group, the Five Dynasties line still not "stop bleeding."　　For loss reasons, Song Tao said, the first half of last year, radio and television optoelectronics profit of 300 million yuan, but the financial turmoil, the LCD industry, a large LCD panel price is 129 yuan, now fell to 40 yuan. "The key to SVA restructuring is not to give up the five Dynasties line, but to diversify the risk in a loss situation."　　"Close to SVA people said that the Shanghai municipal government will not let go of the five-generation production lines, the plan is inclined to the five-line related assets from the listed companies after the spin-off, the new capital to set up the company and the introduction of strategic investors, and then through the launch of six generations of lines to open up Shen Tianma, Rainbow Group, Jindongfang and other major companies are working closely with the Shanghai instrument and electricity to communicate about the reorganization matters.　　The latest news said the deep Tianma has reached a preliminary agreement on the acquisition of a partial stake in the five Dynasties line, but has not been officially confirmed. Our reporter Wangxiaoxing Intern Zhang Yi observation into the eight-generation line era of China's five lines into the "chicken" not only the five lines into the SVA of the hot potato, so that listed companies have to "exchange transfusion" shell, in the world, the Five Dynasties line has become "chicken" fate. Taiwan has been on the policy of the panel industry to move to the mainland to prevent the guard, watching the Taiwan panel five Tigers have been trapped in the cost of long-term pressure is not willing to "release."　　Recently, Taiwan's "Ministry of Economy" finally opened a pass, allowing Taiwan to transfer several major panels to the mainland, but must be a five-year plant or the following process. For this release, Taiwan's panel makers are generally not interested, "the Chinese mainland has long lost interest in the Five Dynasties line," said Zhou Dinghui, general manager of color Crystal. Li Yanyao, the chairman of the company, said that the current opening of the Five Dynasties line should be to allow the former investors to have the legal space in place.　　It is understood that, including Shenzhen deep Ultra photoelectric Five-line, Kunshan Dragon photoelectric five lines behind the line are Hon Hai, Baocheng figure. According to display search data, April large-size LCD panel shipments of more than 40 million, up 6% from the last month, and small and medium-sized panels are weak performance. So the Secretary of the Electronic Video AssociationLong Bai Weimin led the Chinese mainland 9 LCD tv manufacturers to buy Blunt, the Chinese mainland LCD panel industry investment in the future will be 8 generation, 8.5 generation or 10 generation factory-oriented, look forward to Taiwan's policy can be released, so that Taiwan's panel factory to set up factories in China. Therefore, the best way to the mainland and five lines or "triple", the other side of the domestic plate giant BoE said the triple talks will not be affected by SVA restructuring, "because of the Five Dynasties LCD line is still in the radio and television group." Newspaper reporter Gao Lingyun