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Taiwan's LCD makers need US$3.1 bln syndicated loans

Posted on: Sun, 22 Nov 2009 21:16:00 EST

Symbols: AUO, CMIQF, INXDF

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TAIPEI, Nov 23, 2009 (Asia In Focus via COMTEX) --
INXDF | Quote | Chart | News | PowerRating -- Based on a brighter outlook
for the LCD panel industry in 2010, Taiwan's LCD panel makers
have revised their capital spending plan, which has helped push
the total value of syndicated loans to the country's major LCD
makers to over NT$100 billion (US$3.1 billion), industry
experts said Saturday. Taiwan-based INNOLUX DISPLAY CORP.
(TAIEX:3481), after announcing Nov. 14 it would merge with CHI
MEI OPTOELECTRONICS CORP. (TAIEX: 3009), signed with 19 banks
Monday for a syndicated loan of NT$48 billion (US$1.49
billion), the largest in the local LCD panel industry so far
this year.

* With Taiwan's largest panel maker AU OPTRONICS (TAIEX:
2409; NYSE: AUO | Quote | Chart | News | PowerRating) signing a syndicated loan of NT$27 billion in
July and Chi Mei taking one for NT$40 billion in September, the
total amount to the above three companies totalled NT$115
billion.

* In order to play a key role in its parent company, the
FOXCONN (HON HAI) GROUP, and become a major player in the
integration of LCD TV systems, Innolux is expected to produce
TV panels at its sixth-generation LCD factory, which was
originally designed to make monitor panels.

For full details on Au Optronics Corp ADS (AUO) AUO. Au Optronics Corp ADS (AUO) has Short Term PowerRatings at TradingMarkets. Details on Au Optronics Corp ADS (AUO) Short Term PowerRatings is available at This Link.

For full details on (CMIQF) CMIQF. (CMIQF) has Short Term PowerRatings at TradingMarkets. Details on (CMIQF) Short Term PowerRatings is available at This Link.

For full details on (INXDF) INXDF. (INXDF) has Short Term PowerRatings at TradingMarkets. Details on (INXDF) Short Term PowerRatings is available at This Link.

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