Taiwan’s AU plans LCD assembly JV with China’s Haier

TAIPEI, April 29 (BestGrowthStock) – Taiwanese LCD panel maker Au
Optronics (2409.TW: ) plans to set up a joint venture TV LCD
assembly plant with Haier Group, China’s largest home appliance
maker, it said on Thursday.

The plant will be located in Qingdao, northeastern China.
Haier will own 70 percent and AU 30 percent, AU said. The plan
still requires approval of the relevant authorities, it said.

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(Reporting by Jonathan Standing; Editing by Ken Wills)

Taiwan’s AU plans LCD assembly JV with China’s Haier