The investment performance of the National Development Fund has been released. According to the report, the annual surplus of the National Development Fund in 110 was NT$19.3 billion. In recent years, the overall investment performance has been good, but there are still some losses in the reinvestment business. Among them, Ruxing, Gogoro, Dongbei Optoelectronics The loss amount of the other 5 companies is even larger than that in 2010.
The Economic Committee of the Legislative Yuan today invited Gong Mingxin, chairman of the National Development and Reform Commission, to report on the losses of 66 reinvested businesses in the “important emerging business investment” of the National Development Fund.
According to the content of the written report, among the 66 reinvestment businesses of the National Development Fund in 2011, 32 were profitable and 34 were operating losses.
Among the operating loss-making companies, 16 have invested less than 3 years, and the company’s operating performance is still to be demonstrated; 5 companies have listed or traded on the OTC, and the stock price exceeds the shareholding cost of the National Development Fund, such as Yaohua Pharmaceutical Company, Zhongyu According to the stock price on October 24, 2011, Xinyao Company and Taikang Biotechnology Company have reached 36 times, 5.5 times and 4 times of the shareholding cost of the National Development Fund respectively.
It is worth noting that there are still 5 companies whose operating losses have increased compared to 2010, namely Kaohsiung MRT, Taiji Video, Ruxing, Dongbei Optoelectronics and Gogoro, and Ruxing has the largest loss, regarding 1.9 billion yuan.
Today, legislators are also quite concerned regarding the case of China Development Fund’s investment in Ruxing stepping on thunder. Gong Mingxin said that the prosecution has sued Chen Shixiu, the former chairman of Ruxing Company. Whether the financial report can be prepared on time.
Gong Mingxin also said that China Development Fund will urge directors and representatives to actively urge the reinvestment business to continuously improve its operating conditions and financial structure.
(Editor-in-Chief: Zhuang Yanyu)
