CPT Yuzuo Xoceco large shareholders to spend 400 million yuan to expand downstream

Because there is no brand and channel, the initial business initiative in Xoceco

Li Lin daily economic news

The "daily economic news" yesterday learned exclusively, CPT board has passed the investment proposal, the acquisition of Xiamen Overseas Chinese Electronics (600870) 29.87% to 36.14% of the shares to become the largest shareholder of the acquisition of Xiamen Overseas Chinese, investment of about 400 million yuan. The two sides are currently on the details of the transfer of equity for further discussion, equity delivery time of about half a year later.

The Junyi CPT deputy general said that the acquisition will be through investment in the mainland Division -- Video Chunghwa (Wujiang) Investment Company Xiamen Overseas Chinese electronics, because this investment must be after the approval of the relevant departments, so to be in at least half a year later. He also said that because the CPT did not brand and channel experience, so the dominance of initial operation or in xiamen.

Xoceco spokesman Wei self-reliance yesterday to accept the "daily economic news" interview, said that this is not clear.

According to the Beijing PRC, market research company provides up to the latest statistics in September this year, ranked in the market share Chinese Xoceco LCD TV third in the rankings, with second SKYWORTH 12% of the market share is very small.

Xiamen Overseas Chinese electronics merger scandal long-standing. Since 1998, Changhong, Lenovo, Dongfeng Motor, Kelon Electrical, rainbow group, Haier group, Rainbow Electronics, was the scandal protagonist.

Xinyikang chairman Li Jixiang believes that the money hungry about itself and xoceco. Xoceco is taking the high-end color TV line, but also the earliest entry of LCD TV is one of the enterprises, but the capital bottleneck has been its biggest "heart disease", the pace of expansion is also greatly constrained. As of June 30th, Xiamen Overseas Chinese electronic balance was 75.44%.

In fact, Xoceco cannot wait. Recently, TCL, Changhong and other old appliance enterprises have invested heavily to force the LCD TV, Xoceco third locations have been in jeopardy.

As the world's five largest LCD panel manufacturers CPT is Xoceco upstream enterprises, as the main component of flat-panel TV suppliers, has focused on the LCD panel, has not yet formed their own brand terminal products.

CPT can succeed in Xoceco, the local government does not contribute little. Xoceco an insiders, the local government intends to promote this cooperation, CPT investment in mainland China mainly in Fuzhou Province, the resources reorganization, the local government will have the tendency.

An industry source said, terminal manufacturers TCL, Changhong are eager to have their own LCD panel plant, but the cost is huge, can only be shelved. The CPT has been many, Xiamen Overseas Chinese electronics supplier panel LCD TV manufacturers. After becoming one family, Xiamen Overseas Chinese Electronics will have absolute advantages in the field of LCD TV, then the TV pattern would be rewritten.