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HannStar Board endorses alliance with LG.Philips LCD

Posted: 19 Dec 2007 ?? ?Print Version ?Bookmark and Share

Keywords:HannStar LG.Philips alliance? share issuance?

The board of HannStar Display Corp. has approved the alliance with LG.Philips LCD Co. Ltd by issuance of 180 million shares. Issue price is about NT$17.61 (about $0.54) with total shares expected to reach NT$3.17 billion (about $97.37 million).

Through the alliance and investment, HannStar will enhance sales and product planning competition competence. The transaction will be completed by February 2008.




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