Ruiding, a major driver IC manufacturer, announced that it has spent 152 million yuan to acquire 8,840 additional shares from its parent company AUO (2409), bringing the total holdings to 17,140 AU shares, with a shareholding ratio of 0.18%. AUO, as a big player in Ruiding As one

driver IC major Ruiding announced that it has spent 152 million yuan to acquire 8,840 shares of its parent company AUO (2409). It holds a total of 17,140 AU shares, with a shareholding ratio of 0.18%. AUO is Ruiding. As one of the major shareholders, the parent company and its subsidiaries hold shares interactively. Ruiding stated that it will form an alliance to deploy Mini LED/Micro LED.

The panel industry boom has reversed. AUO spent last year’s golden period of making more than 60 billion yuan. This year, panel prices have gone up and down, and the industry boom has become more conservative. However, it has not let go of the layout of Mini LED/Micro LED, except for the first one. In addition to the private placement common shares of Fucai (3714) that will be subscribed in the third quarter, the high-priced stock Ruiding has also returned to increase its shares in its parent company AUO. Through long-term holding, it will cooperate with AUO in the layout of Mini LED/Micro LED.

Due to the promising mid- to long-term demand for Micro LED, AUO’s camp includes Taiwan’s largest panel manufacturer AUO, the world’s top three blue-ray chip factories and the world’s largest red-light chip factory Epistar (Fucai), plus driver ICs Factory Ruiding has become a complete camp of upstream and downstream supply chains, which is conducive to improving international visibility.

According to Ruiding’s announcement, from August 27, 2010 to June 20, 2011, a total of 8,840 AUO shares were obtained, with an average price of 17.21 yuan per unit, and a total transaction amount of 152 million yuan. Adding this After pen's shareholding, Ruiding held a cumulative 0.18% stake in AUO, equivalent to approximately 17,140 shares.

Ruiding said that it will be held for a long time. The company has strategically cooperated with AU Optronics due to operational needs to lay out new-generation Mini LED and Micro LED display technologies. It hopes to create an alliance group strategy through cross-shareholding investment with AU Optronics, strengthen technology streaming cooperation, and seize the market share. Mini LED/Micro LED takes the lead.

AUO currently holds at least 15% of the shares of Ruiding through investment companies. Zheng Weishun, who once served as AUO’s chief financial officer, is listed as the independent director of Ruiding. Ruiding is currently the highest-priced stock in the AU Group, with the closing price on the 21st It is 409.5 yuan.

Source: Business Times