Great Wall Computer (000066) recently announced that the company's subsidiary Sun Victory and the company's indirect holding subsidiary Panda LCD formed a joint venture company with a planned investment of 35 billion yuan. The 10th generation TFT-LCD production line will be built in Nanjing, China.
According to the announcement, the capital of the new joint venture company is 17.5 billion yuan, of which Top Victory holds 0.8%, and Panda LCD holds 99.2%. The reporter learned that the actual controllers of Panda LCD and Great Wall Computer are all Chinese electronics. In the composition of the board of directors of the new company, all five members will be appointed by Panda LCD.
The industry believes that the joint venture plans to use the most advanced technology to improve production, which will be the first 10 generation line factory in China with competitive market 60-inch / 70-inch LCD panels. By investing in joint ventures, TPV will acquire 60-inch/70-inch panels for the development of products such as large-screen TVs and targets, as well as import taxes on related local purchases.
It is worth noting that the investment was mainly due to the increase of import tariffs on panels since April 1, 2012. Among them, 32-inch and above LCD panels without backlight modules will be restored from 3% to 5% of the MFN import tariff rate.
Another focus of outside attention is "What role does Sharp play?" In September 2009, Sharp entered into a cooperation agreement with CLP Panda and the Nanjing Municipal Government. Sharp helped CLP Panda build a 6th generation LCD panel production line in Nanjing.
However, the situation that many domestic panels were put together was caused by the relevant ministries to worry about overcapacity and began to limit investment in panel projects. At that time, Sharp, which has the world's most advanced LCD panel line, did not invest in the 10th generation line to make its 8th generation line into a difficult situation. Although Sharp later planned to change the 8th generation line of Nanjing to the 10th generation line project, it has not been able to fall due to various forces.
For the news of the Panda's "single-handed" 10th generation line, Sharp official did not give a reply on the grounds of "vacation." According to sources, domestic companies do not have the technical strength of the 10th generation line. Although Sharp did not realize the 10th generation line of Nanjing in the form of investment participation, “it is very likely to be a technology transfer party to participate in the construction of the 10th generation line in Nanjing†.
According to the announcement, the capital of the new joint venture company is 17.5 billion yuan, of which Top Victory holds 0.8%, and Panda LCD holds 99.2%. The reporter learned that the actual controllers of Panda LCD and Great Wall Computer are all Chinese electronics. In the composition of the board of directors of the new company, all five members will be appointed by Panda LCD.
The industry believes that the joint venture plans to use the most advanced technology to improve production, which will be the first 10 generation line factory in China with competitive market 60-inch / 70-inch LCD panels. By investing in joint ventures, TPV will acquire 60-inch/70-inch panels for the development of products such as large-screen TVs and targets, as well as import taxes on related local purchases.
It is worth noting that the investment was mainly due to the increase of import tariffs on panels since April 1, 2012. Among them, 32-inch and above LCD panels without backlight modules will be restored from 3% to 5% of the MFN import tariff rate.
Another focus of outside attention is "What role does Sharp play?" In September 2009, Sharp entered into a cooperation agreement with CLP Panda and the Nanjing Municipal Government. Sharp helped CLP Panda build a 6th generation LCD panel production line in Nanjing.
However, the situation that many domestic panels were put together was caused by the relevant ministries to worry about overcapacity and began to limit investment in panel projects. At that time, Sharp, which has the world's most advanced LCD panel line, did not invest in the 10th generation line to make its 8th generation line into a difficult situation. Although Sharp later planned to change the 8th generation line of Nanjing to the 10th generation line project, it has not been able to fall due to various forces.
For the news of the Panda's "single-handed" 10th generation line, Sharp official did not give a reply on the grounds of "vacation." According to sources, domestic companies do not have the technical strength of the 10th generation line. Although Sharp did not realize the 10th generation line of Nanjing in the form of investment participation, “it is very likely to be a technology transfer party to participate in the construction of the 10th generation line in Nanjing†.
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