Press Releases
 

 

Chunan¡ETaiwan, Oct 05, 2009 ¡VInnolux Display Corp. ("Innolux") (TAIEX: 3481) and TPO Displays Corp. ("TPO" Emerging Market Code: 3195) today announced that their respective board of directors approved the consolidation of the medium and small size panel business by 100% share swap.The swap ratio for TPO to Innolux would be 8.0 to 1, subject to the completion of all legal procedures.

Both companies are very complementary in small and medium size panel business. The consolidation would combine the strengths of both companies, which could greatly enhance the competitiveness of the business covering the in-depth and completeness of technology offerings, full range of product offerings, customer and IP portfolio, and economy of scale. With the consolidated and enlarged scale, we would be able to reach a larger scale of talent pool and supply base for better services to our customers.

For further information, please contact:

    TPO Displays Corp.
    Wilma Wei
    Tel: +886-37-586393
    Fax: 886-37-582-522
    Email: IR@tpo.biz
 

About TPO

TPO is a leading provider of mobile display solutions and technologies. Building on the complementary capabilities and competencies of founding partners Toppoly Optoelectronics Corp. and Philips MDS, TPO is providing customers ¡V across the telecommunications, consumer electronics, automotive, avionics and information display industries ¡V with access to innovative mobile displays that provide advanced features and performance to enable market-place differentiation and competitiveness. News from TPO is located at www.tpo.biz.