Acorp said cheated 250 million NT company financial crisis

Said acorp chairman Tseng Wen-hua at a news conference held yesterday, acorp in 4-5 during the past month, Zexsa was cheated 250 million dollars, led to the current financial crisis. Tseng absent from Wednesday's meeting of the OTC securities exchange in Taiwan for details of the financial details of the company.

Tseng yesterday after the end of China's business trip, presided over a press conference to clarify the rumors on the market, he has been rumored to have swept away the 260 million yuan of public funds Yu Yu fled to china.

Tseng said Bai Yu paid Zexsa $250 million worth of checks, and Zexsa promised to help the second tier motherboard vendors in the local channel sales DVD. He added that 100 million of them have been cashed, a figure that has been classified as a loss to the company's finances. Bai Yu has asked the cooperative bank immediately stop paying the remaining 150 million NT checks, hoping to total loss of control to NT $100 million.

However, Tseng acknowledges that the current funding gap is $200 million, which is used to repay short-term debt, including $66 million in cash and $185 million in checks. In order to compensate the debt, the company plans to use the factory site as collateral, to a local bank loans 300 million -3.5 nt.

However, the securities and exchange of the Taiwan OTC statement is not satisfied with Tseng, has asked Bai Yu revealed more details of fraud in January 7th.