Taiwan's AU Optronics to raise new funds, may seek partners

Mar 28, 2012

Taiwan's leading flat panel maker AU Optronics plans to raise at least $370 million in new funds and may introduce strategic partners from China or Japan, officials said Wednesday.

During a board meeting Tuesday, AU Optronics also decided to issue 800 million new shares, possibly in the form of a private placement.

"The proposal has been approved during the board meeting, but we have not yet decided on the way to raise the funds," company spokeswoman Hsiao Yawen told AFP.

She added that the company is not ruling out introducing Chinese or Japanese strategic .

Candidates for strategic partners include Japan's Sony and as well as China's TCL and Haier and Changhong Electric, local media said.

closed at Tw$14.35 ($0.48), up 0.35 percent, on the Taiwan Stock Exchange Wednesday.

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Taiwan businesses call for industrial spying law

Nov 03, 2011

Taiwan businesses have called for a law on industrial espionage, especially by China, as growing ties have made it easier for mainland firms to steal secrets, officials and media said Thursday.

Taiwan agrees AUO $800 mn China investment

Jun 22, 2011

Taiwan on Wednesday gave the green light for a project by leading flat-panel maker AU Optronics to spend nearly $800 million on a stake in a Chinese firm, officials said.

Recommended for you

It's down to the wire for online shopping

1 hour ago

As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders ...

China's Xiaomi raises more than $1 bn in funding

Dec 21, 2014

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.