Xiamen Overseas Chinese Electronics- Zaiyu delisting Life and Death Gate.docVIP

 PAGE \* MERGEFORMAT 26 Xiamen Overseas Chinese Electronics: Zaiyu delisting ‘Life and Death Gate’ In 2008, the domestic color TV industry’s first flat transition to the Xiamen Overseas Chinese Electronics since 1995 is facing the greatest difficulty since listing. Following the 523 million after huge loss in 2006, Xiamen Overseas Chinese in the third quarter of 2007 released report shows that in 2007 a loss of 216 million ~ September. It was predicted that Xiamen Overseas Chinese Electronics, after two consecutive years of losses may be the third year of continuous losses. If these projections come true, Xiamen Overseas Chinese Electronics will face the danger of delisting. From October 2007 to March 5, 2008, Xiamen Overseas Chinese Electronics shares rose rapidly, however, starting from March 5th begun its shares dive, to April 14 had the lowest share price to 4.75 yuan, more than a month fall within the time close to 44%. March 24 is only the beginning just seven trading days, Xiamen Overseas Chinese Electronics shares tumbled 35%. Fast on the stock market dive, apparently with the Xiamen Overseas Chinese in the color TV market is closely related to this dismal performance. New Year’s Day and Spring Festival this year, the two sales season, the Xiamen Overseas Chinese Electronics Sales Outstanding was only a mere 80 million yuan of domestic, less than same period in 2007 to 1 / 5, and Skyworth, TCL, Hisense and other domestic brands, compared with a market share rate has dropped to less than 2%, basically flat domestic first-line camp ‘removal’. As early as six years ago, huge losses for two consecutive years has been put on Xoceco ‘ST’ hat, almost fall into the abyss of delisting. Xoceco to profitability in 2004, and finally cast off the ‘ST’ hats, ushered in a second spring. This time, Xoceco again reached the ‘turning point of life’, the prospects for even more unpredictable, it can once again turn things around from the ‘life and death gate’ out in