ABIT Computer, a maker of high-performance mainboards and graphics cards, is about to sell its headquarters in Taipei, Taiwan, in order to return debts. The report follows information about ABIT’s attempt to sell off its manufacturing foundry and start outsourcing. Potentially, the stories may indicate that investors of the company are performing asset-stripping and are planning to shutdown the company.
During a meeting on the 23rd of December, 2005, shareholders of the struggling mainboard maker reportedly approved the company’s plan to transact its office building in
The only building in
Based on an ABIT’s revised financial report available on October 31, the company’s net worth has declined to $51 million from $325 million in November 2004, claims Commercial Times news-paper of
ABIT was recently ordered by Taiwan authorities to re-submit its financial results for the years 2003, 2004 and 2005.