Marbridge Daily

<- April 01, 2010 ->

SEG Samsung Loses Nearly RMB 2 Bln in 2009

The Beijing News, 4/01/10

SEG Samsung (000068.SZ), a manufacturer and provider of colored glass substrates for color TV and display panels, announced in a filing yesterday that it recorded losses of RMB 1.926 bln last year. Starting today, the stock will bear the mark "ST" before its name, indicating its demotion to the "Special Treatment" list.

At present, the company only has one STN production line still in operation.

The company said yesterday that it has no definite restructuring plans yet.

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