Apex was one of the very first DVD/CD/MP3 hybrid players to hit the market, has retained it's position on the consumer electronics market ever since, especially in the USA. Being one of the first generation MP3 enabled player, the Apex got a lot of attention in the online publications and communities. But now the company seems to be in trouble, as the chairman David Ji has been recently arrested and other companies claim that Apex has some unpaid debts.
Chinese TV maker Sichuan Changhong Electric Appliance Co said on Tuesday that Apex owed it $US467.5 million and provisions against the debt would mean a big loss for 2004.
"The US Consulate-General in Chengdu has confirmed the arrest of David Longfen Ji," said a US embassy spokeswoman in Beijing. "Consular officials have requested and were allowed consular access to this US citizen."
She did not say why Ji, who was born in China, had been arrested. Police in Chengdu, in the south-western province of Sichuan, declined to comment.Source: theage.com.au
She did not say why Ji, who was born in China, had been arrested. Police in Chengdu, in the south-western province of Sichuan, declined to comment.Source: theage.com.au
