After Yanghua, Shenghua, and Dahong, another touch panel company in Taiwan will exit the stage. As the debt is greater than assets, the interface optoelectronics announced on the 29th, in accordance with the 211 provisions of the company law, interface optoelectronic assets are not enough to cover their debt situation, intends to apply to the court to declare bankruptcy.
Interface Optoelectronics was already on the market on August 3, but the company’s total liabilities were NT$2.636 billion, which was greater than the total assets of NT$675 million. The difference between the two was the negative equity of shareholders’ equity of NT$1.961 billion. The debts that the debtor faces are intended to apply to the court for bankruptcy.
Photo source: Interface Optoelectronics official website
According to the announcement, the interface optoelectronics staff will fully apply for the fund, the insiders will report the dismissal, the general manager, the spokesperson and the agent will be discharged together, and the lawyer will be asked by the lawyer to apply to the court for bankruptcy proceedings.
China Taiwan Interface Optoelectronics was established in February 2001 as a touch panel company. It was one of the world's top five touch panel manufacturers in the field of high-end touch panels. It was established at the Taiwan Stock Exchange of China in July 2010. Listing. In 2010, Interface Optoelectronics set up a subsidiary in the mainland and set up Taiwan Interface Optoelectronics (Hunan) Co., Ltd. in Hunan Liuyang Biomedical Park. Major customers include Apple, Samsung, Motorola, Lenovo, Sharp and other major manufacturers, and is the downstream of Lansi Technology. Supporting manufacturers.
Photo source: Interface Optoelectronics official website
On December 21, 2015, Taiwan’s interface optoelectronics manager Ye Yuzhou announced that Interface Optoelectronics (Hunan) Corp. was officially bankrupt and the interface optoelectronics resolution of the Board of Directors in January 2016 passed a full shutdown of Interface Optoelectronics (Hunan); and it plans to sell its name. The land, plant, equipment and other assets are used to repay the relevant debts.
On December 4, 2016, an optical interface announcement in Taiwan, China, stated that the company’s Hunan factory and the Liuyang branch of the Bank of China had received financial loan contract disputes and had received the land, dormitories, and workshops of its subsidiary, Interface Optoelectronics (Hunan) Co., Ltd. On the notice of the auction on the 29th of this month, the auction price was RMB 164 million.
Touched by the low price of the mainland touch-control factory, the touch panel factory in Taiwan has suffered losses in recent years. The companies with poor financial constitution have all displayed red lights, and some of them have withdrawn from the market one after another. Touchscreen panel leader Yang Hua has also faded out touch panel production for consumer electronics products. Earlier touch panel maker Shenghua had also been restructured. Tak Hong, whose Dahong’s subsidiary, also had debts greater than assets. And apply for bankruptcy.
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