Quanta Computer Inc (廣達電腦) said it raised NT$300.8 million (US$8.8 million) from an initial sale of shares in a display unit to local investors.
Quanta Computer sold 12 million, or 2 percent, of the 600 million shares it owns in Quanta Display Inc (廣輝電子) for 25 cents each, the company said in a statement to the stock exchange. The company said it may scrap plans this year to raise as much as US$500 million from an overseas share sale.
"It may take more time, maybe next year," Quanta Computer spokesman Tim Li (李杜榮) said in an interview. "Everything depends on the market."
Quanta Computer said it owns about 30 percent of Quanta Display. The venture between Quanta Computer and Japan's Sharp Corp earlier said it will invest about US$1 billion to become Taiwan's first company to make larger displays used in flat monitors and notebook computers.
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