Taiwan’s LCD maker CPT makes private placement

TAIPEI, Taiwan Private Placement – LCD panel maker Chunghwa Pictures Tube said on it will sell up to T$10 billion ($303 million) worth of shares in a private placement to the unlisted Tatung group and laptop PC maker Compal.

The LCD maker said it will sell 4 billion new shares to the two companies at T$2.50 per share, it said in a filing to the Taiwan stock exchange, but did not specify how much Tatung and Compal were buying.

Compal said in a separate statement that it will invest no more than T$7 billion in the share placement, which it was pursuing to improve its supply chain management.

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