Yesterday, TPV announcement said the BOE to sell 45.21% stake in Tung TPV TPV Technology to the issue, the delay from October 15 to November 15 in the future, then delayed until December 31 because regulators have not yet ratified . This means that the BOE TPV holdings by the transaction to maintain the position of the first major shareholders plan to meet resistance.
June 15, 2005, Philips divestiture sector business to TPV Technology, which received 15% of the shares and the latter 210 million U.S. dollars worth of convertible bonds, and is expected to exceed BOE holds 26.36% stake in TPV Technology position as the largest shareholder of TPV.
In order to safeguard the position of the largest shareholder, June 15 BOE agreement with TPV Technology will hold 45.21% stake in all of East TPV TPV injection, as a price TPV new issue of shares directed to the BOE to BOE position to maintain the largest shareholder.
However, divestiture of assets to TPV Technology Philips smooth, while the East TPV has repeatedly blocked the sale of equity. Yesterday, TPV Notice that since the pending transfer of the domestic regulatory approval, the East TPV equity transactions date delay from October 15 to November 15 in the future, once again been postponed to December 31 or later . In addition, TPV also warned that the stock transaction between the BOE and its also likely to fail.
On the matter, both BOE and TPV to reporters yesterday, remained silent, the East side, said TPV, TPV has been issued a notice, but can not comment.
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