News Column

WWTT (01282) sees adverse impact from Tekmar impairment

July 10, 2014



[ET Net News Agency, 10 July 2014] World Wide Touch Technology (WWTT) (01282) said the

impairment to be made of its interest in associate Tekmar, Inc. will further attribute to

the significant decline of the financial result of the Group for the six months ended 30

June 2014 as compared with the same period in 2013.

As a result of the continued loss sustained by and the financial difficulties currently

faced by Tekmar, it is unlikely for WWTT to be able to recover its investment in Tekmar

and expects to make a provision for the impairment of its interest in Tekmar in the amount

of HK$8.57 million, representing the carrying value of Tekmar as at 31 December 2013, in

the income statement for the reporting period.

The principal business of Tekmar is the development, manufacturing and sales of

carrier-grade wireless telecommunications systems and components, including Radio

Frequency (RF) Filters. (HL)


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Source: ET Net News (China)


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