Emerging Display Technologies (EDT) plans to issue secured convertible bonds and new shares to increase its cash capital to NT$660 million (US$21.52 million) in order to set up a second glass-based capacitive touch panel line.
Amid surging demand for medium-size touch panels, EDT recently landed orders 7-inch mobile device from a major IT vendor and is actively raising capital for a second production line.
The second line is expected to complete equipment installation in the first quarter of 2011 and start mass production at the end of the quarter or the beginning of the second, expanding EDT's monthly capacity to 1.2 million units, from 600,000 units currently.
Article translated by Yvonne Yu
