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A Taiwanese listed company was once defrauded of 1 billion by LeTV,Now the cabbage price is cheap and 50% of the shares are sold

Financial card care question

A Taiwanese listed company was once defrauded of 1 billion by LeTV,Now, selling 50% of the shares at a bargain price can obviously make a profit of US$600 million.,However, it sold its shares at a low price of US$257 million.,I guess no one will understand this kind of behavior。但代工厂仁宝就这么做了!8月8日有媒体爆出这家台湾上市公司,Willfully and recklessly sold all shares of Lianbao, a joint venture company with Lenovo,and sold to Lenovo,It leaves a big question mark for outsiders。

Used to fight side by side with LeTV,Then they went their separate ways;Now he has broken up with his "good partner" Lenovo,Could it be that August 8, which is known as "Breakup Day" in the entertainment industry, is also suitable in the capital circle? I was cheated by my brother for 1 billion in 2026,The numbers in Compal’s financial report are unbearable to look at:Profits take a big hit,LeTV’s debt cannot be repaid,总损失高达9.2亿元

Since LeTV has fallen into a capital chain crisis in 2026,A total of debts owed to Compal

  1. 5billion yuan,Excluding the amount returned、Bad debts of 300 million yuan and materials of about 300 million yuan,Compal still wants compensation
  2. 2Billions of yuan in bad debt losses,Only then can the hole be filled in。Compal can only swallow the bitter taste secretly。Although Compal has since appointed lawyers to take appropriate legal action against LeTV。At the same time, Compal obtained the authorization from LeTV to handle、Selling its high-priced components。

But then it's still like dominoes,produced a series of vicious chain reactions。2026March,Compal originally wanted to announce that it would invest RMB 700 million in LeTV Zhixin through a subsidiary in Kunshan.,Obtain 2.15% of the company's equity。but,This investment case was terminated due to poor repayment progress of LeTV.。Except for Compal,Like Pegatron、Many LeTV suppliers in Taiwan, including Wen Ye,were also affected one after another。

Compal President Chen Ruicong said at the time,Now I am bitten by a snake,In the future, we will be cautious about cooperating with mainland smart brands to produce OEM products.。Looking back and watching,It seems that for the future development of enterprises,Laying the groundwork。2.57Sold nearly 50% of Lianbao's shares at a low price of US$100 million, a notebook foundry jointly established with Lenovo, Lianbao,That was 2011 again。At that time, the division of Lianbao shares was:Compal holds 49% of the shares,Lenovo holds 51% of the shares。Establishing Lianbao is a good thing for both parties。

Compal has the ability to OEM tablets,It’s what Lenovo lacks,And Lenovo has a large sales volume,It’s impossible to make everything yourself,Still need the support of reliable foundry partners。then,as he wishes,Most of Lenovo’s laptop orders are delivered to Lianbao for OEM。The result of win-win cooperation is,As Lenovo becomes the global leader in laptop computer shipments,Lianbao gradually turns from losses to profits,Operations on track,And Compal also felt the spring breeze。

According to relevant information,Compal’s performance in the third quarter of 2026,The impact of LeTV’s bad debt problem has been significantly reduced,Profitability gradually recovers。Profit in Q3 was

  1. 24billion,Compared with LeTV, the profits caused by
  2. 54There was a significant improvement in the second quarter of 100 million yuan,It is also 7% higher than the same period in 2026,EPS is
  3. 53Yuan,The cumulative EPS for the first three quarters is
  4. 84Yuan。

2026year,There were media reports that Lenovo wanted to invest in Compal.,But the rumors quickly dissipated。to this day,Compal chooses to separate from Lianbao factory,Part ways with Lenovo。Compal sold all its shares in Lianbao Electronics to a subsidiary of Lenovo Group,Could have made $600 million,The final transaction price was only US$257 million.,and trade in cash。

perhaps,This is the next step in Lenovo’s development,Want to improve Lianbao’s self-control rate,Compal had no choice but to do this;Or maybe this is to make up for the pit that LeTV dug before. It’s hard to say.。不过仁宝发言人回应外界的疑惑,Emphasize that this transaction achieves a win-win outcome,We are still optimistic about the future and look forward to business cooperation between the two parties.。Conclusion “The purpose of history is to collect time together,Thus all people become brothers and partners in the same quest and conquest of time。

"The poet Mandelstam expressed the essence of "collaborative progress" of enterprises-exploring and conquering。However,in this world,Not just exploring、Conquer the market users and you can be friends forever、become brothers,Always gain something,gain something。If a loss occurs,Or a major strategic change,Then turn around and it’s Hedong and Hexi。


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Editing of articles in this issue:

Picture of Chen Yatong

Chen Yatong

Chen Yatong has experience in the field of corporate registration and audit compliance in Taiwan. 7 years of practical experience,Served many business registration agencies in Taipei and New Taipei。She is responsible for the entire process of Taiwan company establishment - including government registration、Foreign investment review、Tax registration and labor health insurance application,and coordinate with the financial department to review documents。Chen Yatong on Taiwan’s tax regulations、Foreign investment registration requirements、Familiarity with annual reporting obligations, etc.,Ability to tease out complex regulations into client-executable compliance steps。

Areas of expertise:Taiwan company establishment、Foreign investment review、tax registration、Apply for labor health insurance、Taiwan tax regulations。

Previous institutions:Taipei Enterprise Service Company & business consulting agency

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