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Taiwan TFT LCD producers plan to raise over NT$100 billion in 2H to finance 5G line construction

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Taiwan TFT LCD producers plan to raise over NT$100 billion in 2H to finance 5G line construction

HannStar Display’s board of directors decided on July 18 to lower the price for its new share offer of 500 million shares from NT$40 to NT$25 per share and submit the application this week. Furthermore, the board of Chunghwa Picture Tubes (CPT) decided on July 19 to submit its application for issuing 600 million new shares next week. Together with other planned fund raising activities, Taiwanese TFT LCD producers are expected to raise over NT$100 billion in the second half to finance construction of fifth-generation (5G) TFT LCD lines.

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