Syntax-Brillian Files For Bankruptcy
Syntax-Brillian Corporation (SBC) has filed a petition for relief under Chapter 11 of the United States Bankruptcy Code and the company announced that it has entered into an asset purchase agreement to sell Vivitar, the company’s brand of digital still and video cameras to Olevia International Group (OIG), which is under common ownership with the TCV Group. TCV Group is one of Syntax-Brillian’s original partners for industrial and mechanical design and it provides the plastic injection molded parts for the Olevia branded high-definition widescreen LCD televisions.
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