Shareholders of Chi Mei Opto-electronics Corp (
That would represent a premium of 1.06 percent compared with the average share price of NT$31.27 over the past three months, the company said in a filing to the Taiwan Stock Exchange yesterday.
Shares of Chi Mei Optoelectronics, the nation's second-largest maker of flat-panel displays, fell NT$0.15 to close at NT$31.45 yesterday.
Potential buyers
Chi Mei Optoelectronics did not provide details about potential buyers, but its parent company Chi Mei Corp (
The proceeds will be used to build a sixth-generation (6G) LCD factory in Taiwan, the statement said.
Chi Mei Optoelectronics said on Aug. 10 that it started building a 6G plant that can process 90,000 sheets of glass per month for cutting into 22-inch and 27-inch screens.
The new plant is scheduled to begin mass production in the fourth quarter of next year, the company said.
GDRs, bonds
Earlier this week, Chi Mei Opto-electronics raised US$335 million by issuing new shares in the form of global depositary receipts at a 4 percent to 8 percent discount to its share price in order to fund its production capacity expansion.
Chi Mei Corp also sold US$350 million worth of bonds exchangeable for shares of Chi Mei Optoelectronics.
The conversion price on the five-year notes was NT$37.32 per share, a premium of 20 percent over Chi Mei Optoelectronics' closing share price of NT$31.10 on Wednesday.
The bonds have a put option in January 2009 and a yield-to-put of 0.5 percent.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
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