Taipei, Thursday, Nov 21, 2024, 22:58

News

Compal Announces NT$3.089 Investment in China's LeTV

By Korbin Lan
Published: Mar 29,2017

TAIPEI, Taiwan - Taiwanese OEM service provider Compal Electronics, INC. yesterday announced an investment in Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. (LeTV Zhixin) which was a transaction of NT$3.089 billion for a 2.15% holding. This is the first time that a Taiwanese electronics OEM manufacturer has invested in a brand-name Mainland Chinese consumer electronics manufacturer.

More on This

Compal Electronics Announces a 5G Smart Railroad Safety System

TAIPEI, Taiwan - Since 2020, Compal Electronics, a Taiwanese electronics manufacturer, started to develop 5G and Smart Internet of Vehicle solutions...

Compal Becomes Another Assembly of Apple Watch

TAIPEI, Taiwan - According to the Taiwan Economic Daily that Taiwan's majoy ODM company Compal will become the second assembly plant of the Apple’s Apple Watch this year...

Compal was originally LeTV's primary OEM manufacturer; however, due to of LeTV's cash flow problems last year, they owed huge sums of money on debts to Compal. However, after the capital problems were solved, LeTV's debt turmoil seemed to have come to a close.

Although LeTV's future prospects remain to be seen, Compal emphasized that purchasing the stake in LeTV is an investment rather than a financial consideration, and they are optimistic about the development of the Chinese cloud and network application markets.

(TR/ Phil Sweeney)

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

2422 viewed

comments powered by Disqus