On January 17, 2013, Innolux Corp, one of the world's largest manufacturers in the display industry, successfully priced a NT$14,602,108,000 (US$504.1M) offering, representing 1,125 million shares through a Global Depositary Receipts (GDR) and concurrent employee offering pursuant to ROC law and its shareholders resolution.  Innolux supplies large-sized TFT-LCD panels, small and medium-sized TFT-LCD displays, and touch panels for applications such LCD TVs, monitors, notebook, and mobile devices.  

The offering was well over-subscribed with broad participation from international investors, enabling the company to increase the offering size to the upper limit of 1,125 million shares.  This was also the largest GDR offering by a technology company from Taiwan since Innolux's US$1.4Bn offering in 2007. 

This successful offering recognizes Innolux's significant operational turnaround in 2012.   Together with the rights issue completed in September 2012, the company has raised more then NT$20 billion.  The funds raised to-date returns the company's balance sheet to a healthy structure.

Innolux specifically appreciates the continuous support that syndicated bank group has extended to the company and anticipates the excellent communications to continue into future collaboration.



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