[High-tech LED News] Qimei Group's CCFL and LED light bar factory Qi Yao announced that due to accidental announcement of the company from July 1 to August 25 this year to undertake spot foreign exchange, a loss of NT$ 1.549 billion.
Qi Yao has convened an interim board of directors in advance to acknowledge the company’s semi-annual report. Qi Yao pointed out that due to the excessive fluctuation of foreign exchange in a short period of time and the lack of experience in foreign exchange trading, the exchange losses were incurred. General Manager Huang Jianzong took the initiative to submit his resignation to the board of directors to show responsibility. The major shareholder Chi Mei Industrial came out with great emphasis. Will assist the company in the aftermath and minimize damage to minority shareholders.
It is understood that Qi Yao's share capital is only NT$2.07 billion. In the first half of the year, the revenue was about NT$2.905 billion. For the follow-up treatment of this loss, Qi Yao said that it has already negotiated with many parties and has full confidence to propose maintenance in the short term. Shareholders' equity plan.
Qi Yao has convened an interim board of directors in advance to acknowledge the company’s semi-annual report. Qi Yao pointed out that due to the excessive fluctuation of foreign exchange in a short period of time and the lack of experience in foreign exchange trading, the exchange losses were incurred. General Manager Huang Jianzong took the initiative to submit his resignation to the board of directors to show responsibility. The major shareholder Chi Mei Industrial came out with great emphasis. Will assist the company in the aftermath and minimize damage to minority shareholders.
It is understood that Qi Yao's share capital is only NT$2.07 billion. In the first half of the year, the revenue was about NT$2.905 billion. For the follow-up treatment of this loss, Qi Yao said that it has already negotiated with many parties and has full confidence to propose maintenance in the short term. Shareholders' equity plan.
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