Part of the business Konka listed overseas to seek funding needs

Yesterday, Konka Group Vice President Chen Yuehua confirmed to reporters, Konka is considered part of business overseas listing, to meet the company's demand for capital.

Prior to this, Yang Guohe, general manager of Konka responsible for overseas business, said in an interview with foreign media, Konka may be within a year, it is possible to achieve overseas listing within three years. Yang Guohe said at the time, enhance brand awareness is the main purpose of overseas listing plan, financing is also the second.

Although the presentation of the primary purpose of overseas listing is not the same, but Chen Yuehua's position or confirmed Konka overseas listing plan. According to its said, Konka's goal is to become a world-class enterprise, so there is a greater demand for funds, overseas listing is also a way to obtain funds. He also said that Konka overseas listing will be individual business.

Chen Yuehua and Yang Guohe did not disclose the amount of funds for overseas listings and the amount to be raised through the issue of shares.

It is understood that the current Konka A denominated in RMB denominated in Hong Kong dollars and B shares have been listed on the Shenzhen stock exchange.

Konka has not yet released the full year 2005 financial report. Data show that in the first three quarters of 2005, net profit of RMB 34 million 900 thousand yuan, the main business income of RMB 8 billion 10 million yuan. According to Chen Yuehua said, now the group's goal is clear, that is three years in three major industries: family electronics, three plate handheld electronic and automotive electronics, and now more than the total sales tripled, reaching 30 billion yuan, of which TV when the proportion will be around 50%.