The purchase of LCD, CMO panel factory Taiwan, Wuhu poly panel

Yesterday, Taiwan "panel Wuhu" -- only five LCD makers in the family is not to set up factories in the mainland's CMO, with the approval of the board of directors, invested $30 million acquisition of LCD, CMO panel factory Ningbo 50% stake. So far, Taiwan "panel Fab five" all in mainland debut.

It is reported that Ningbo Chi Mei Electronics formerly known as Ningbo Hua house, the production of LCD panel core module, its customers all over the world, in the domestic supply of Changhong, TCL, SKYWORTH, Haier, Hisense, Konka, etc.. Taiwan Chi Mei Electronics is one of the world's three largest LCD manufacturers.

For this acquisition, CMO President He Zhaoyang said, CMO will accelerate the pace of investment in the mainland, to further reduce production costs. Subsequently, Chi Mei Electronics will continue to acquire the shares of Ningbo Chi Mei Electronics through other means.