Asia Express - Display
TPK to Purchase 19.9% Stake in Condo for Approx. US$193 Million
May 20, 2011

TPK announced on May 18, 2011 that it is going to buy 19.9% stake in Taiwanese touch sensor manufacturer Cando for NT$5.58 billion (US$193.8 million; US$1=NT$28.8), according to the China Times of Taiwan. Cando is a subsidiary of AUO and a supplier of TPK. Through the acquisition, TPK is expected to better manage the company's upstream and downstream supply chain and strengthen its cooperation with AUO and Condo. The deal is slated to complete within two months.