On July 7, 2008, Tempe, Arizona-based Syntax-Brillian, the company behind the Olevia brand of LCD TVs, filed for Chapter 11 bankruptcy. A new company, Olevia International Group LLC, has been created where certain assets of Syntax-Brillian as well as US$60 million of secured debt will be transferred to. Taiwan’s Kolin Co. and affiliates is the [...]

Teco Electric & Machinery will invest US$20 million in Syntax-Brillian. Teco is an appliance manufacturer based in Taiwan and Syntax-Brillian is a US-based TV manufacturer. With the $20 million, Teco will own 3.5% equity share in Syntax-Brillian. Another stakeholder is Kolin, also Taiwan-based, that holds 7% of Syntax-Brillian. Kolin is the integrator that makes the [...]