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Article: SALE OF SVA'S 5G PRODUCTION LINE PUT ON HOLD

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AsiaInfo Services
Article date:
July 31, 2009
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AsiaInfo Services
07-31-2009
Sale of SVA's 5G Production Line Put on Hold

SHANGHAI, Jul 31, 2009 (SinoCast Daily Business Beat via COMTEX) -- Shanghai Yidian Holding (Group) Company, the trustee of deeply-troubled SVA Group, has once again put on hold its plan to sell the fifth-generation TFT-LCD production line of SVA.

Major Chinese LCD makers like Shenzhen Tianma Microelectronics Co., Ltd. (SZSE: 000050), IRICO Display Devices Co., Ltd. (SHSE: 600707), BOE Technology Group Co., Ltd. (SZSE: 000725), and Wuhan Optical Valley are all biding for the production line.

Shanghai Yidian previously hoped to pull off the deal at the end of July. However, the biggest one among the bidders made a less ...

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