Sunplus Technology has announced that it will dispose of 10,000 shares that it holds in Orise Technology, at a price of no less than NT$50 (US$1.56) each. After Sunplus withdraws from the company, Orise' second largest shareholder AU Optronics (AUO) may acquire Orise to consolidate its LCD driver IC subsidiaries, according to a Chinese-language United Daily News (UDN) report that cited market sources.
The shares are expected to bring Sunplus about NT$317 million in profits, the report added.
Article translated by Meiling Chen
