Abit stock downgraded to requiring full delivery

“Stock of the second-tier motherboard maker Abit Computer will be downgraded on the Taiwan Stock Exchange (TSE) to requiring full delivery, starting tomorrow, due to its questionable financial reports over the past three years, the TSE said yesterday.

Over 70% of Abit’s total import and export business in the first half of this year were conducted through seven Hong Kong-based companies, all of which were located at the same address, with a registered capital of just HK$2 each, the TSE said.”