Great Wall Group,” the acquisition of the “Great Wall, Hong Kong” rambling holdings TPV
Great Wall Computer (000066.SZ) announced today that the company and the Great Wall Computer Group Corporation (hereinafter referred to as "the Great Wall Group") entered into an agreement to acquire 10,601,200 yuan held by the Great Wall Great Wall Computer Group (Hong Kong) Holdings Limited (hereinafter referred to "Great Wall, Hong Kong") 99% stake.
Great Wall Hong Kong as a effect of a total of TPV holders (00903.HK) 17.11% stake, and Great Wall Computer report presentations that in 2008, the Great Wall Computer keeps 9.47% stake in TPV Technology. Therefore, after windup of the acquisition of the Great Wall computers, a least to retain 26.58% stake in TPV Technology, and the greatest shareholder of TPV Technology Philips shareholding of 27.25% weighed against to only 0.67% of the gap.
Further brandish monster holdings of portions in TPV Technology will help the Great Wall of computer realization of the strategic goals, and TPV Technology Group, a large manufacturer in the international constructing scheme, the computer will furthermore encourage the internationalization of the Great Wall the stride of expansion.
Great Wall first quarter of this year against the market movement of computers to realise a mesh yield of dirt particles in the wages of 28.85 out of 100 year-on-year descent, the mesh yield was up to 14.9 million yuan, an advance of 255.96%.
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