*ST Rainbow, which faced a delisting crisis due to two consecutive years of losses, tried to turn losses in order to keep the assets sold frequently this year. At the same time, the company’s top management also experienced a major exchange of blood. First, there were five directors and three supervisors resigning in July this year. Recently, the company’s general manager Ge Di was suspected of economic problems and has been detained by the judicial authorities. Message. In this regard, the company had to launch the resignation of former chairman Li Wei to take up the post of general manager.

For the big change of the company's top management, *ST Rainbow insiders revealed to the "Securities Daily" reporter that the high-level exchange of blood is because the company's controlling shareholder Rainbow Group Electronics Co., Ltd. (hereinafter referred to as the group) wants to strengthen the control of the company. Therefore, the directors and supervisors were replaced by the group.

Group fully settled in the board of directors

According to *ST Rainbow's recent announcement, the company's director and general manager Ge Di has been detained and investigated by the judicial authorities for alleged economic problems. At the same time, the company also stated that it said that “in accordance with relevant regulations, it decided to revoke the position of director and general manager of its company”.

According to public information, Gedi was born in 1959 and served as the director of Rainbow Glass Factory and the head of Metal Parts Division of Rainbow Group Electronics Co., Ltd.; from March 2007 to March 2010, he served as vice chairman of Shaanxi Rainbow Electronic Glass Co., Ltd. From December 2007 to May 2010, he served as Assistant to President of Rainbow Group Electronics Co., Ltd.; in 2009, served as Chairman of Rainbow (Hefei) LCD Glass Co., Ltd.; from September 2005 to September 2011, he served as Chairman of *ST Rainbow Supervisory Committee; Since September 2011, he has served as the director and general manager of *ST Rainbow.

At this point, *ST Rainbow, following the resignation of all five members of the five directors and the board of supervisors in July, Ge Di, the only remaining director and general manager, was dismissed from the company as a director and general manager due to financial problems. The company’s senior management team currently has only independent directors left unchanged.

It is understood that *ST Rainbow's first extraordinary shareholders meeting in 2013 elected new directors and supervisors, and the board of directors elected the new chairman of the company. The new directors and supervisors are senior managers of Rainbow Group. According to the company, "the purpose is to accelerate the development of the company's business and reflect the importance and support of the group company to the listed company."

For the big exchange of *ST rainbow high-level, a company insider revealed to reporters that the collective resignation was to give way to the group. According to the introduction, because the listed company has suffered losses for two consecutive years, it wants to use the help of the group to get rid of the delisting crisis, and the group has also made a big change to the company's top management in order to strengthen the control of the listed company.

In fact, following the large-scale resignation of *ST Rainbow's directors and supervisors, the company's management has also undergone significant changes, along with the dismissal of Gedi's detention investigation by the judicial authorities.

According to the announcement, the company decided to accept the application of the deputy general manager of the company, Shen Xiaolin, Wang Feng, Han Bin, and Wang Jian, for resigning from the position of the company's deputy general manager. Li Wei, who previously resigned as a director of the company in the change of executives in July, will now take over the post of general manager of *ST Rainbow.

“The nominee of Li Wei as the general manager is the chairman of the company.” The insiders of the company told reporters that for the nomination of the general manager and deputy general manager, the company will nominate according to the needs of talents.

According to the announcement, according to the nomination of the general manager of the company, Zhang Chunning was appointed as the deputy general manager of the company. Zhang Chunning was 54 years old. In 1985, he joined Rainbow Group, a graduate degree and a senior engineer. He has served as the workshop director of the Color Tube Second Factory of Shaanxi Color Picture Tube Factory, the director of Rainbow Phosphorus Factory, the general manager of Shaanxi Rainbow Fluorescent Materials Co., Ltd., the assistant to the president of the Rainbow Group Electronics Co., Ltd., the joint company secretary and the vice president.

Frequent auction of assets

Since *ST Rainbow has suffered losses in 2011 and 2012, if the company loses again this year, it will be suspended. Faced with the crisis of delisting, how to turn losses into the company's main task this year, for this reason, the company does not hesitate to auction assets.

According to the *ST Rainbow announcement, in order to concentrate on strengthening the main business, revitalizing the existing assets and reducing the company's operating losses, the company intends to transfer the holding company through the public listing and auction. 5.01% equity of the company (hereinafter referred to as “Western Trust”), 51% equity of Rainbow (Foshan) Flat Panel Display Co., Ltd. (hereinafter referred to as “Foshan Flatbed Company”) and some idle factory buildings, land and properties.

Some insiders revealed to the reporter that the auction assets are non-main business and idle assets of the company.

* ST Rainbow expects that the auction assets will increase the company's revenue by 200 million yuan this year. Among them, the Western Trust's profitability is good. In 2012, the net profit was 179 million yuan, and the net profit in the first half of this year was 82.363 million yuan. The company's 5.01% stake will be 245 million yuan as the reserve price and will be publicly listed for transfer.

The other auction asset Foshan Tablet Company suffered a three-year loss and net assets were negative. At the end of 2012, the company had fully accrued a long-term equity investment impairment provision of 51 million yuan to Foshan Tablet Company. *ST Rainbow intends to transfer 51% of the shares at zero price. The transferee is required to undertake Foshan Flat Company's claims, debts and the placement of the company's existing employees.

In addition, the industrial real estate and supporting equipment on the west side of Caiyi Road in Qindu District of Xianyang City will be listed and transferred at a reserve price of approximately 215 million yuan. The transferee shall undertake the resettlement of the employees of the company's CPT production line; *ST Rainbow is located in the high-tech zone of Xi'an High-tech Zone The 28 properties of the garden will be auctioned at a reserve price of 15.7842 million yuan.

According to insiders of the company, there is no major change in the company's main business. The company hopes to turn losses through auction assets. At the same time, this person also revealed to reporters that the company also hopes to obtain technical support with the reputation of China Electronics in the industry.

At the beginning of this year, after China Electronics Information Industry Group Co., Ltd. (CEC or China Electronics) took over the Rainbow Group, Rainbow's industrial transformation and asset restructuring are also inevitable.

Since the acquisition of Rainbow Group by China Electronics, *ST Rainbow has only completed the exchange of high-level blood, and the company's main business has been slow to improve. According to the insiders of the above-mentioned company, if you want to do a good job in the main business, you can only rely on technological breakthroughs, and this requires relying on the industry advantages of China Electronics.

Some analysts believe that the glass substrate may be the company's future focus. "From the transfer of this Rainbow Foshan tablet company, CEC does not intend to put the OLED project in Foshan. CEC has built a 6-generation line in Nanjing through its CLP Panda, and is teaming up with Sharp to launch the 8.5-generation line."

It is reported that the company has been able to supply glass substrates of 4th generation line and 5th generation line, but it has not yet made a profit. Some analysts believe that striving for the supply of larger-sized glass substrates is one of the company's future solutions. After all, the two domestic 8.5-generation lines are still mainly relying on the glass substrates of Corning and Japan Asahi Glass.

However, due to the inability of *ST Rainbow's technology to break through, the company is in a technical bottleneck. “The company used to study technology on its own. If it can rely on the advantages of China Electronics in the industry, the company may introduce foreign aid and improve technology.” The insiders of the company told reporters.

( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )

Enviromental Conditions

 

1.Rated Voltage 0.6/1kV PVC Insulation Power Cable :

The long-term working temperature of cable conductor should be not more than 70°C.

While short-circuit the highest working temperature of cable conductor should be not more than 160°C(5 seconds maximum duration);

The minimum bending radius for laying cable(D is diameter):single core unarmoured cable should be 20D,multi-core unarmoured cable should be 15D,single core armoured cable should be 15D,multi-core armoured cable should be 12D;

The environment temperature for laying cable should be not less than 0°C.

 

2. Rated Voltage 0.6/1kV XLPE Insulation Power Cable / Rated Voltage 3.6/6~26/35kV XLPE Insulation Power Cable :

The long-term working temperature of cable conductor should be not more than 90°C.

While short-circuit the highest working temperature of cable conductor should be not more than 250°C(5 seconds maximum duration);

 

3. Rated Voltage 0.6/1kV and Frequency Inverter Control System Power Cable:

Designed with fully symmetric space structure, cable has excellent electromagnetic compatibility;

Low and uniform positive sequence and zero-sequence impedances have greatly improved power quality compared with ordinary four-core cable;

 

The environment temperature for laying cable; PVC and XLPE insulation is 0°C;

The maximum working temperature of cable; PVC insulation is 70°C,XLPE insulation is 90°C;

Low-smoke halogen-free flame retardant cable: PH value of burning gas ≥4.3,conductivity≤10us/mm, minimum light transmittance shall not be less than 60% while product burning;

The minimum bending radius for laying cable is 12D (D is diameter).

 

1.U0/U: 0.6/1kV

 

2.Standard: IEC60502, BS7870, GB/T12706

 

3.Max. working temperature: 90 Â°C , can be 105 Â°C ,110 Â°C and 125 Â°C as per requirement

 

4.Conductor: Class 1/2 annealed bare copper solid or strands

 

5.Insulation: XLPE or LSZH

 

6.Sheath: LSZH

 

7. Cross section area: 1.5~630mm2

 

8. Cores: 1~5 cores,3C+1E,4C+1E,3C+2E

 

9. Packing:Wooden drum or as requirement

 

10.Certification : ISO9001/ISO14001/OHSAS18001/CCC/CE/CB

 

11.Remark: Flame retardant,fire resistance,low smoking and Halogen free,or other property can be avaliable

Low Smoke Halogen Free Cable

Halogen Free Cable,Low Smoke Cable,Zero Halogen Cable,Flame Retardant Cables

Huayuan Gaoke Cable Co.,Ltd. , https://www.bjhygkcable.com