CPT prices debut GDR as Chi Mei pre-markets

Taiwan''s TFT-LCD producers continue to take advantage of favourable markets, with CPT raising $200 million and Chi Mei pre-marketing a $500 million offering.

Chunghwa Picture Tubes CPT took an opportunistic view of market sentiment yesterday Thursday with the accelerated launch and pricing of a debut GDR via global co-ordinator Citigroup and joint bookrunner ABN AMRO.

A constant fixture on the fundraising circuit through good markets and bad, Taiwan's TFT-LCD producers are currently raising funds to complete their 5G capex plans and in some cases start financing the 6G and 7G plants that will manufacture panels for flat screen TVs. Right behind CPT, Chi Mei, Hannstar and CPT for a third time this year are all lining up new deals. Chi Mei, for example, is currently pre-marketing a $500 million debut GDR via JP...

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