China's Great Wall Computer to Acquire Stake in TPV
June 01, 2007
China Great Wall Computer Group and BOE Technology have signed an agreement on May 14 for Great Wall to pay HK$1.14 billion (US$146.0 million; US$1= HK$ 7.8) for a 10.27% stake owned by BOE in TPV Technology, a Taiwan-based LCD monitor maker. After acquiring the stake, Great Wall will become TPV's second-largest shareholder, after Philips Electronics Hong Kong, while BOE's stake in TPV will be reduced to 1.25%. The deal is still pending shareholder and regulatory approval.