SVA (Group) Co Ltd: USD 1.2 billion purchase deal

SVA (Group) Co Ltd announced a CNY 10-billion (USD 1.20 billion) deal on 19 January 2003 to purchase television spares and equipment this year from domestic and foreign based suppliers.
Products inv…

SVA (Group) Co Ltd announced a CNY 10-billion (USD 1.20 billion) deal on 19 January 2003 to purchase television spares and equipment this year from domestic and foreign based suppliers. Products involved in the deal will be used for production of high definition television sets, cathode ray rube TVs and plasma display panel sets. Local electronic companies and foreign manufacturers, including Shanghai Feilo Co Ltd, Toshiba Technology Development (China) Co Ltd are showing interest in the huge deal.