Xia Xin is finished 117 million times to CEC impawn gigantic endowment blood transfusion

September 13, 2008

Dispatch of sina science and technology on September 6 message, summerly new electron on September 5 evening releases announcement to say, the company controls company of a limited company of partner summer new electron and group of Chinese electron Information Industry (next weighing: Electronic group CEC) signed equity impawn contract, its hold company adds up to one hundred and seventeen million two hundred and nine thousand six hundred and thirty-two are restricted to make work current impawn gives an electron the group (the impawn day that register is on September 3, 2008) , already registered settle accounts in Chinese negotiable securities branch of Shanghai of finite liability company dealt with relevant formalities. This means CEC to Xia Xin gigantic endowment blood transfusion is finished, of short duration of summerly new electron does not have the care of capital.

Since new electron of summer of the end of the year held the post of president Lu Zhenyu newly to assume office last year, its are principal the task helps the Xia Xin electron that is immersed in deficit mire restore capital catenary namely, this year in July, electronic Ceng Gong accused Xia Xin to had obtained a company to control a person actually CEC and accuse a partner summer couplet of new electron limited company carries 1.27 billion yuan of finance that offer to support. Among them, the finance that CEC provides amount to be 770 million yuan supports (among them to assure the forehead is spent 725 million yuan, 45 million yuan borrow money to entrust) . Additional, loan of limited company of electron of summerly new Xiang Xiaxin 100 million yuan of RMB (avoid) of Fu Li breath; To CEC loan 400 million yuan of RMBs. Afore-mentioned loan time limit all are a year. Dan Xiaxin electron should press partial equity character to the loan of CEC, this announcement means formalities to be dealt with formally entirely actually end.

After obtaining these 1.27 billion yuan capital to support, *ST Xia Xin expresses to basically will be used at expanding mobile phone business. At present comprehensive already on management aggrandizement reforms Lu Zhenyu, ever announced to hold to on the product ” essence of life and accurate ” politic, rigid limitation appears on the market product measure. It is reported, current, supply catenary manufacturer and channel to already restored in the round to the accredit of Xia Xin electron. On the sale, move the 2nd times in the China this year in invite public bidding of TD mobile phone, xiaxin wins the bid 19000, rank the 4th; It is in the invite public bidding of CDMA mobile phone with Chinese the closest telecommunication, xiaxin wins the bid 20 thousand, fair share is held in high-end mobile phone, show its anabiosis evidence is clear. (Kang Zhao)

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