Chimei Innolux Corp (奇美電子) yesterday declined to confirm whether it was in merger talks with G-Tech Optoelectronics Corp (正達國際光電), but reported that it had bought a stake in GIO Optoelectronics Corp (啟耀光電).
The nation’s top LCD panel producer made the statements in two separate filings with the Taiwan Stock Exchange after the Chinese-language Apple Daily reported yesterday that Chimei intended to integrate G-Tech’s touch panel unit with its own.
The newspaper, without citing sources, said Chimei’s move to acquire G-Tech’s touch panel unit was aimed at helping it cope with huge customer demand, primarily from its major shareholder, Hon Hai Precision Industry Co (鴻海精密), which assembles iPhones and iPads for Apple Inc.
G-Tech, a manufacturer of -indium--tin-oxide (ITO) glass, is an affiliate of the Hon Hai Group.
“It is just a media report,” -Chimei said in the filing.
The Miaoli-based company added, however, that it would not rule out any tie-up with other companies to boost shareholders’ interest.
In a separate filing, Chimei said it had bought 25.2 million new shares of GIO Optoelectronics for NT$428.35 million (US$13.9 million) from Nov. 15 to yesterday to strengthen its vertical integration.
It now holds 30.67 percent of GIO following the new share purchase, the filing showed.
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