HannStar Display Corporation along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation.
May 22, 2022
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HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. agreed to acquire an unknown stake in Coretronic Corporation (TPEX:5371) on February 24, 2022. currently HannStar Display Corporation, Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. holds 4.19%, 1.29%, 1.26% and 2.17% stake respectively in Coretronic Corporation. The total transaction amount is planned to be no more than TWD 2.5 billion, depending on the market price to determine the purchase quantity and the actual total amount.
HannStar Display Corporation (TWSE:6116) along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation (TPEX:5371) on May 23, 2022. In view of the international economic situation and strategic considerations HannStar Display Corporation board of directors have rescind the transaction.
Hannstar Display Corp is a Taiwan-based company mainly engaged in the research, development, design, manufacture, sale and maintenance of thin-film transistor liquid crystal displays (TFT-LCD) and touch panels. The Company provides TFT-LCD panels and touch panels, which can be widely used in electronic applications such as notebook computers, monitors, mobile phones, tablet computers, vehicle-mounted industrial control products, and liquid crystal display televisions. The Company mainly distributes products to Taiwan, Japan, South Korea, the United States, Mainland China and Europe.
HannStar Display Corporation along with its subsidiaries Hannshine Investment Co.,Ltd, Hanns Prosper Investment Co., Ltd. and Huali Investment Co.,Ltd. cancelled the acquisition of an unknown stake in Coretronic Corporation.