Article: SVA GROUP SEES NEW BIDDER FOR 5G TFT-LCD PANEL UNIT


AsiaInfo Services
08-04-2009
SVA Group Sees New Bidder for 5G TFT-LCD Panel Unit

SHANGHAI, Aug 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- SVA (Group) Co., Ltd., a cash-strapped LCD panel maker in China, sees a new bidder for its loss-making 5G TFT-LCD (thin-film transistor liquid crystal display) panel unit Shanghai SVA NEC Liquid Crystal Display Co., Ltd. (SVA NEC).

Wuhan Zhongheng New Science & Technology Industrial Group Co., Ltd. (Wuhan Zhongheng Group), an emerging LCD OEM (original equipment manufacturer) in China, has formed an investment consortium with the Wuhan Economic Development Zone to make a bid for the SVA 5G TFT-LCD panel unit, disclosed people familiar with ...

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