China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公司
Apple Inc. v Proview (0334) and others
HK Court of First Instance, 14-Jul-2011
After selling the iPad trademarks in 8 territories to an anonymous Apple agent for GBP35,000, it turns out that the China trademarks were owned by another Proview subsidiary not party to the agreement. By then, Apple's involvement was known to Proview, which suggested that Apple pay US$10m for the China iPad trademarks. The case continues.
HK Court of First Instance, 14-Jul-2011
After selling the iPad trademarks in 8 territories to an anonymous Apple agent for GBP35,000, it turns out that the China trademarks were owned by another Proview subsidiary not party to the agreement. By then, Apple's involvement was known to Proview, which suggested that Apple pay US$10m for the China iPad trademarks. The case continues.
Loss warning from Proview (334)
Company announcement, 19-Mar-2010
Did it really take the company 78 days to conclude that it made a "significant loss" for the 6 month period before that? If so, then its internal accounting systems are crap. If not, then then it should have disclosed much earlier. Proview is on of 13 HK-listed companies to issue profit warnings this week, 74-78 days after their annual or interim period ended.
Company announcement, 19-Mar-2010
Did it really take the company 78 days to conclude that it made a "significant loss" for the 6 month period before that? If so, then its internal accounting systems are crap. If not, then then it should have disclosed much earlier. Proview is on of 13 HK-listed companies to issue profit warnings this week, 74-78 days after their annual or interim period ended.
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