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Great Wall broadband obtains 300 million yuan to note endowment hopeful walks out of predicament

April 9, 2008

Sun Yanbiao

Be immersed in for a time go bankrupt the broadband of Great Wall of broadband operation business of the brim eventually hopeful walks out of predicament.

Yesterday, inc. of Shenzhen of computer of Chinese Great Wall (000066.SZ, say below ” Great Wall computer ” ) , Inc. of science and technology of development of Shenzhen Great Wall (000021.SZ, say below ” the Great Wall is developed ” ) with Inc. of Great Wall science and technology (00074.HK, say below ” Great Wall science and technology ” ) release announcement to say respectively, letter network and Great Wall science and technology plan to part in contributive 150 million yuan undertake adding to Great Wall broadband endowment, great Wall computer and Great Wall development do not participate in this to add endowment.

Bencizeng endowment after finishing, the enrollment of Great Wall broadband capital will be added by 600 million yuan reach 900 million yuan. Among them, network accumulative total is believed in contributive 450 million yuan, hold 50% share; Accumulative total of Great Wall science and technology is contributive 360 million yuan, hold 40% share; Great Wall computer is contributive the specified number is fixed, still be 45 million yuan, oppose a scale by 7.5% change to 5% ; Accumulative total of Great Wall development is contributive 45 million yuan, hold 5% share. Add endowment before, computer of science and technology of network, Great Wall, Great Wall and Great Wall development believe in hold a scale to be respectively: 50% , 35% , 7.5% with 7.5% .

“The business income of Great Wall broadband exceeded 400 million yuan last year, more multivariate than growing 100 million 2006. ” Du Heping of president of computer of vice-president of Great Wall science and technology, Great Wall is accepted ” daily of the first finance and economics ” when the phone is interviewed, express, see Great Wall broadband is already preliminary just about turned round management predicament, for this partner just now confidence increases note endowment. And new addition fund basically also will be used at replacing network facility, raise the quality of network of Great Wall broadband and rate, offer an opportunity that expands again to Great Wall broadband.

Du Heping points out, major network equipment is in Great Wall broadband to was used with respect to investment 2000, had comparatived backward. And the user that Great Wall broadband opens at present has been as high as 1 million above, its pay charge door to also have 400 thousand or so. To develop an user further, must replace the network facility with Great Wall backward broadband.

Du Heping also admits, when old city broadband fast have a ride on a horse encircles the ground, bring about quite one share capital becomes invalid investment, and the city of already enlightened network, the dweller accepts rate not tall also, still defaulted the project money of a lot of agents even. But the effort through two years, great Wall broadband solved the problem of agential history old Zhang basically already, creditor’s rights liability manages basically also clear, because the company had done finance affairs to unplug,have, at present the cash of Great Wall broadband flows to had been been.

“Present tense machine matured, we just dare be noted further endowment. And the target this year twists Great Wall broadband thoroughly namely deficient. ” Du Heping expresses. Tripartite declared data shows, up to on December 31, 2007, the total assets of audit of classics of Great Wall broadband is one billion five hundred and thirty-one million one hundred and twenty-five thousand yuan, net assets is - one hundred and twenty-nine million one hundred and twenty-one thousand one hundred yuan, profit of 2007 year net profit is - one hundred and seventeen million one hundred and ninety thousand two hundred yuan.

” daily of the first finance and economics ” from agent of Guangzhou of Great Wall broadband long letter company understands, although the problem of debt creditor’s rights between this company and Great Wall broadband has not gotten settlement, but bead district government been organizinging Guangzhou city sea both sides does harmonious work, still had talked before the Spring Festival this year. Du Heping also admits, great Wall broadband still has individual agent problem to was not solved, but can find settlement way.

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Written by ITTech · Filed Under IT Magazine