Taiwan-based backlight unit (BLU) supplier Nano Electro-Optical Technology plans to increase its investment in its Kunshan plant to US$23 million, according to a company filling with the Taiwan Stock Exchange (TSE).
The company also plans to issue 25 million common shares via a private placement with each share priced at NT$10, according to the filing.
Article translated by Emily Chuang and edited by Eric Mah
