Taiwan-based flat-panel manufacturer CPT (Chunghwa Picture Tubes, Ltd.) announced that the company is going to sell its back-end module production plant in China to its major client CSOT (China Star Optoelectronics Technology), according to CPT's announcement on 14 March. The Shenzhen plant was built in 2005, originally aiming to provide comprehensive services for CPT's LCD (Liquid Crystal Display) TV panel business. However, with the industry and market transitions in recent years, CPT has shifted focus to small and medium-sized panels. This transaction is reportedly to reach 446 million RMB (US$71.8 million; US$1=6.214RMB) and is slated for completion in June.

In related news, CPT said that the company will acquire 18.1% of GiantPlus Technology's shares in order to expand its capacity of small and medium-sized screen modules as well as touch panels, according to the company's announcement on 11 March.