Chi Mei to net $680 million from combined GDR and EB sale

The equity portion is priced at a zero discount despite the ongoing investigation into alleged price fixing in the industry.

Taiwanese TFT-LCD maker Chi Mei Optoelectronics was able to overcome news of a US investigation into alleged price fixing in the industry and complete its combined sale of GDRs and exchangeable bonds yesterday.

The pricing was delayed from Tuesday to evaluate the potential legal impact of the investigation and to allow investors who had already submitted orders to have another look at the issue. But as no investors withdrew or changed their orders, the company and sole bookrunner...

To continue reading, please login or register for free

Click for more on: gdr | convertible | exchangeable | lgphilips | morgan stanley

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...