The investment performance of the National Development Fund has been published. According to the report, the National Development Fund’s annual surplus 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, including Ruxing, Gogoro, Dongbei Optoelectronics The other 5 companies’ loss amount was even greater than in 2010 .
The Legislative Yuan Economic Committee today invited Gong Mingxin, chairman of the National Development and Reform Commission, to report on the loss of 66 reinvested companies that the National Development Fund “invests in major emerging companies.”
According to the contents of the written report, among the 66 reinvestment activities of the National Development Fund in 2011, 32 were profitable and 34 operating losses.
Of the loss-making operating companies, 16 have invested less than 3 years and the operating performance of the company is yet to be demonstrated; 5 companies listed or traded OTC and the stock price exceeds the participation cost of the National Development Fund, such as Yaohua Pharmaceutical Co., Ltd., Zhongyu According to the October 24, 2011 share price, Xinyao Company and Taikang Biotechnology Company have reached 36 times, 5.5 times and 4 times the participation cost of the China Development Fund, respectively.
It is worth noting that there are still 5 companies whose operating losses have increased since 2010, namely Kaohsiung MRT, Taiji Video, Ruxing, Dongbei Optoelectronics and Gogoro, and Ruxing has the largest loss, around 1.9 billion yuan.
Today, lawmakers are also quite concerned about the case of the Chinese Development Fund’s investment in lightning-stomping Ruxing. Gong Mingxin said the prosecution is suing Chen Shixiu, the former president of the Ruxing Company. If the financial report can be prepared on time.
Gong Mingxin also said that the 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)
