Local display maker Wintek Corp (勝華科技) said on Monday its board had approved a proposal to invest US$30 million to set up a liquid-crystal-display (LCD) subsidiary in Dongguan, Guangdong Province.
Wintek has so far invested US$178.3 million in China, accounting for 11.71 percent of the company’s total assets, the company said in a stock exchange filing.
It operates 12 plants in Taiwan, two in China and one factory in India, the company said on its Web site.
Wintek is the world’s largest touch-screen maker for cellphones. The company mainly produces small to medium-sized panels for customers, including Apple Inc and HTC Corp (宏達電), on a contract basis.
Last year, the company posted a net loss of NT$2.58 billion (US$80.5 million), or NT$2.32 per share, on revenues of NT$27.4 billion, the company said in a separate filing.
This compared with NT$2.41 billion in net losses and NT$31.38 billion in revenues in 2008.
Also on Monday, the company board gave the green light to raise funds of between US$86.96 million and US$130.44 million the company intends to use to purchase raw materials abroad.
The company said it would issue Global Depositary Receipts (GDR) to raise the funds.
It did not specify how many shares would back its GDR offering or when the issue would be available.
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