I did a little searching because it bothered me my Picvue link was broken. It turns out it's not just the link.
Quote:
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Originally Posted by DigiTimes
Picvue announces auction of LCD glass subsidiary assets
Carrie Yu, DigiTimes.com, Taipei [Wednesday 8 November 2006]
Taiwan-based STN LCD maker Picvue Electronics on November 7 announced the opening of an auction for assets of its subsidiary Picvue Optoelectronics International (POI), a glass substrate maker, with the auction to end on November 14, according to a company filing with the Taiwan Stock Exchange (TSE).
The auction will include bids for equipment and precious metals at POI’s glass furnaces, with a guarantee fee set at NT$30 million (about US$913,938), the filing indicated.
The auction will be hosted by the Taiwan Cooperative Bank, which, along with six other banks, signed a NT$3 billion loan with POI on March, 2004, the filing said, adding that POI still has unpaid loans of NT$1.86 billion.
As of September, 31, 2006, Picvue had a 76.57% stake in PQI, the filing said.
In September, Picvue filed for reorganization with the Hsinchu District Court, according to a TSE filing by Picvue. Picvue also requested the court to issue temporary restrictions on fulfilling the company's obligations and considering claims against the company, according to the filing.
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I wonder who Nemoptic is going to partner with in the future?