HannStar Display today announced that the company will sell another third-generation (3G) TFT LCD plant and an office building to Wintek for NT$9 billion (US$273 million), according to a filing with the Taiwan Stock Exchange.
After the deal, HannStar's only plant will be its 5G plant.
Last September, the panel maker sold a 3G plant to Wintek. The transaction price was around NT$6.1 billion (US$186 million), including land, building and machinery, according to Wintek's announcement. At that time, HannStar also said it will secure 3.1% of Wintek's outstanding shares and one seat on Wintek's board of directors.
Earlier in May, HannStar said it will purchase new equipment in July to expand capacity at its 3G plant by 10-15%. The company also recently increased medium-size panel production at its 3G plant amid higher gross margins.
The plant used to have an capacity allocation of 70% for small-size panels and 30% for medium-size panels, according to the company.
Article edited by Michael McManus
