TCL Corp, which owns the world's largest television maker, may sell its personal computer division to cover massive losses in its core television business after the computer division head resigned, a mainland newspaper reported.
Potential buyers including Hewlett-Packard, Dell and Founder Group had contacted the Shenzhen-listed company, the Securities Times reported yesterday.
Yang Weiqiang, TCL vice-president and general manager of the computer unit, emailed his colleagues saying that he would be no longer lead the department and was resigning for 'personal reasons', the paper said.
Mr Yang, who helped set up TCL Computer Technology in 1998, had resigned three times since the end of last year but on each occasion was persuaded to stay on by chairman Li Dongsheng. He refused to talk to the press after his resignation.
'He quit because his suggestion of selling TCL Computer Technology's controlling stake was turned down by the board,' the paper cited a senior manager as saying.
Yang Jianrong, head of TCL's financial management department, will take charge of the computer division, whose sales rose 18.5 per cent to 5.79 billion yuan last year, lifting profit about 7 per cent to 45 million yuan. The company sold 720,000 units last year, up 3.4 per cent.