Tatung Buys 20% Stake in Proview
May 11, 2007
Taiwanese Tatung announced on May 10 that it has acquired 20% stake in Proview, a Hong-Kong based LCD manufacturer, for US$ 20 million, aiming to reduce their production costs. As Proview's second-largest shareholder, Tatung is expected to secure some Proview's orders for LCD TVs and monitors, to be manufactured at its plants located in China, Mexico, the Czech Repulic, and the Netherlands.