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Chi Mei Optoelectronics issuing preferred stock to acquire IDT shares

Jensen Wu, Taipei; Shih-wei Kao, DIGITIMES Asia 0

Chi Mei Optoelectronics (CMO) is in the process of issuing 78,187,000 shares of preferred stock at NT$42 per share to raise NT$3.284 billion to fund its purchase of 59% of International Display Technology’s (IDT) shares from Chi Mei Corporation...

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