NOTE FROM THE EDITOR: Our October 9, 2002 story updates this article with significant new information.
ORIGINAL STORY AS FOLLOWS:
With active participation from shareholders and designated investors, Sintek Photronic has successfully completed its issue of 120 million new shares. The deadline for payment in the placement was July 23. The funds will go towards planned fifth-generation (5G) TFT LCD color filter (CF) production lines.
In addition to existing shareholder HannStar Display, Chunghwa Picture Tubes (CPT) reportedly participated in the issue as an outside investor.
Sintek plans to complete equipment installation for a 4G CF line of 80,000-substrate monthly capacity by the end of July. It will begin trial production in August and volume production in October. Dai Nippon Printing (DNP) has lent technology support for the line, which processes both 680×880mm and 730×920mm substrates.
Finally, Sintek subsidiary Helix Technology is scheduled to sign a technology transfer agreement next week with Japan-based Yuka Denshi, to which it will supply backlight modules.
Article translated by Shih-wei Kao and edited by Richard So
