The touch panel factory interface photoelectric Hunan factory has been officially suspended on the 7th of this month. Chairman Ye Yuzhou personally held a major news conference yesterday to announce the aftermath. The bank loan of the Hunan plant will be disbursed by the factory and the land, and the Hunan plant will be shut down. After that, the Taiwanese head office will no longer receive financial assistance, and all expenses will be raised by the Hunan plant.
The touch panel industry is highly competitive. The Hunan factory has been shut down on the 7th of this month. The interface said that the conditions for the loan contract between Hunan Plant and Bank of China could not be reached, resulting in difficulty in working capital turnover of Hunan plant, unable to pay staff salaries, and unable to take orders. Production, interface The board of directors resolved to dispose of the land, plant and machinery under the name of Optoelectronics (Hunan) to repay the company's related debts, including employee severance expenses, related taxes, Bank of China loans and supplier payments.
According to the interface, according to the price of the Bank of China in November last year, the price of the land plant in Hunan plant was about 250 million yuan (NT$1.25 billion), which was enough to repay bank loans of US$12.6 million (about NT$420 million). Suppliers traded between RMB 60 million and RMB 70 million (about NT$ 350 million) and employees from RMB 1,600 to RMB 17 million.
Ye Yuzhou also said that after the Hunan plant is shut down, the Taiwanese head office will no longer support the Hunan plant, and all costs will be raised by the Hunan plant.
Interface Optoelectronics' revenue in the first three quarters of last year reached 3.635 billion yuan. Due to fierce competition in the industry, the interface has been losing three consecutive quarters. From the perspective of the annual report, the interface has suffered a continuous loss of 4 years, and the net loss per share for the first three quarters of this year reached 8.41 yuan. The operating situation is quite fierce.
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