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AU Optronics implements first share capital reduction

LCD panel maker AU Optronics Corp (AUO, 友達光電) yesterday introduced its first share capital reduction program and a NT$55.77 billion (US$1.94 billion) return distribution program in a three-year span starting this year.
The program’s aim is to improve shareholders’ long-term return on equity, the company said.
AUO shareholders this year are to receive a cash dividend of NT$3 per share, including NT$1 from last year’s earnings and NT$2 paid back by the company through a 20-percent share capital reduction plan.
The company expects share capital to fall to NT$76.99 billion after the program takes effect in June.
As a result, AUO’s payout ratio ....

T Ai Pei , Chen Mei Ying , Benjamin Tseng , Paul Peng , Taiwan Stock Exchange , Au Optronics Corp , Taipei Times , Lisa Wang , The Taipei Times ,

AUO touts 2025 flat-panel production in Taichung

AU Optronics Corp (AUO, 友達光電) is planning to build an advanced flat-panel plant in Taichung, aiming for commercial production by 2025, the Hsinchu-based company said on Friday, as it reported a record net profit for last year, driven by strong global demand.
AUO chief financial officer Benjamin Tseng (曾煜智) told an investors’ conference that the company’s board had approved increasing its capital expenditure budget by NT$28 billion (US$1.01 billion) this year, part of which would be allocated to the construction of the new plant.
AUO expects an overall capital expenditure of NT$45 billion this year, Tseng said.
AUO chairman Paul Peng (彭?浪) said ....

T Ai Pei , T Ai Chung , Chen Mei Ying , Frank Ko , Benjamin Tseng , James Chen , Paul Peng , Au Optronics Corp , Taipei Times , Central Taiwan Science Park , Houli District , The Taipei Times ,