SKYWORTH after the resumption of the test of a day of market value evaporated 3 billion 500 million

Lasted more than a year of effort, yesterday at 9:30 in the morning, because the management of suspected embezzlement and suspension of SKYWORTH digital, more than a year finally in the main board of the Hongkong stock exchange officially resumed.

SKYWORTH digital opened yesterday at HK $1.04, compared with the closing date before the resumption of trading closing price of HK $2.67 fell by HK $1.09, closing at HK $61%, compared with the last trading day before the closing price fell by 59.18%.

November 30, 2004, due to the Independent Commission against corruption in Hongkong, former chairman of the board of directors of SKYWORTH group Huang Hongsheng and his brother Huang Peisheng conspired to steal the company's funds, after the SKYWORTH digital stock has been suspended. November 23, 2005, SKYWORTH digital submitted to the Shanghai stock exchange for resumption of application, but also includes a report on the results of a number of allegations against the Hongkong ICAC SKYWORTH. Although SKYWORTH did not disclose the details of the results of the survey report, the group said, have adopted the Listing Rules of corporate governance practices in the suggestion or request the routine, including the chairman of the board of directors and staff from CEO; the establishment of an independent committee of additional, including the Remuneration Committee and the Nomination Committee; the board of directors and senior management responsibility official the other; procurement, sales, cash and cheque payment and other matters, also strengthen internal control procedures.

Wang Dianfu, chairman of the company's resumption of the resumption of the matter is very pleased, said since the suspension, the group's business, operations and financial situation has not been a major adverse impact.

Credit Suisse First Boston yesterday issued a research report, SKYWORTH digital investment rating from before the suspension of "outperform" cut to "underperform", refers to the stock during the suspension, China mainland and overseas TV market operation environment. Swiss wave gives SKYWORTH digital reasonable value of HK $1.14, before the suspension of the target price of HK $2.8.

Swiss SKYWORTH digital wave of the next two years operating environment is not optimistic, because SKYWORTH must continue to spend a lot of money, to create brand and marketing, in order to compete with foreign brands, and overseas business will also be a result of slowing demand and difficult.