Chi Mei, Innolux, TPO merger pushed to April-source

TAIPEI, Jan 28 (BestGrowthStock) – The proposed merger between Taiwan
LCD panel makers Innolux (3481.TW: ), Chi Mei (3009.TW: ) and TPO
Display (3195.TWO: ) will be delayed by a month to April 1, a
source with direct knowledge of the situation said on Thursday.

“The overseas approval process is still going on,” said the
source, who declined to be identified because the information had
not yet been made public.

The merger was originally intended to be completed on March
1, the companies had said.

After the merger, the newly formed company is expected to
overtake AU Optronics (2409.TW: ) as Taiwan’s largest LCD panel
maker, and will rank behind Samsung Electronics (005930.KS: ) and
LG Display (034220.KS: ) globally.

Investing Advice

(Reporting by Argin Chang)

Chi Mei, Innolux, TPO merger pushed to April-source