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Dow Jones News
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EQS-News: China Display Optoelectronics Technology Acquires HannStar Display (Nanjing) to Expand into Automotive Display Module Market

Dow Jones received a payment from EQS/DGAP to publish this press release.

EQS-News / 04/12/2017 / 20:12 UTC+8 
 
*For Immediate Release* 
 
*Ch Display Opt Acquires HannStar Display (Nanjing) to 
Expand into Automotive Display Module Market* 
 
** * * * * * 
Enters into MOU with Wholly Owned Subsidiary of Prominent Taiwan-based 
Corporation, HannStar * 
 
(4 December 2017, Hong Kong) *China Display Optoelectronics Technology 
Holdings Limited* ("Ch Display Opt" or the "Company", together with its 
subsidiaries, the "Group"; HKSE stock code: 334) announced that the Company 
has entered into a MOU with Brightpro Resources Limited ("Brightpro 
Resources"), a wholly owned subsidiary of Taiwan-based prominent TFT-LCD 
products manufacturer HannStar Display Corporation Limited 
("HannStar",6116.TPE), with regard to the Possible Acquisition of 51% to 81% 
interest in HannStar Display (Nanjing) Corporation ("HannStar Display 
(Nanjing)"). It is expected that the agreement with the exact percentage of 
interest to be acquired will be finalised within this month and the Possible 
Acquisition is targeted to be completed by the end of March 2018. 
 
Upon the materialisation of the Possible Acquisition, the Company will be 
able to acquire a major stake in HannStar Display (Nanjing). In view of 
having Brightpro Resources remained as a minority shareholder of HannStar 
Display (Nanjing) after the Possible Acquisition, this also provides more 
opportunities for cooperation between the Group and HannStar, the mother 
company of Brightpro Resources. 
 
*Mr. LI Jian, Chief Executive Officer of Ch Display Opt*, said, "The 
Possible Acquisition will allow the Group to increase its market share in 
the medium-sized LCD market and lay the foundation for expanding into the 
automotive display modules industry. The Board considers that it is in the 
interests of the Company and the shareholders as a whole, and if 
materialised, it can enhance our shareholders value." 
 
HannStar Display (Nanjing), solely owned by Brightpro Resources, is 
principally engaged in the research and development and manufacturing of 
touch panels for TFT-LCD panel, display modules for tablet, laptop and 
automotive display. HannStar is a Taiwan listed company engaged in the 
manufacturing of all-screen TFT-LCD products, which are sold to leading 
electronics companies all over the world. 
 
-End- 
 
*About China Display Optoelectronics Technology (334.HK)* 
Headquartered in China, China Display Optoelectronics Technology Holdings 
Limited (HKSE stock code: 334) is one of the major providers of 
small-to-medium-sized display modules in the region. Ch Display Opt engaged 
primarily in the research and development, manufacturing, sales and 
distribution of LCD modules mainly for handheld mobile devices on an ODM 
basis. Smartphone LCD module products of Ch Display Opt are welcomed by 
domestic and overseas manufacturers with sales volume ranking among the top. 
 
Document: http://n.eqs.com/c/fncls.ssp?u=IVJOXUBMOC [1] 
Document title: CDOT(334)_Possible Acquisition_Press Release_Eng.pdf 
 
04/12/2017 Dissemination of a Financial Press Release, transmitted by EQS 
Group. 
The issuer is solely responsible for the content of this announcement. 
 
Media archive at www.todayir.com 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=a54f946a5f9bf5d7dfc52c1a332fc573&application_id=635111&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 04, 2017 07:13 ET (12:13 GMT)

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