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Chi Mei posts loss after selling Innolux shares
Chi Mei Corp (奇美實業), a leading synthetic and electronic materials supplier, yesterday said that it has incurred more than NT$1 billion (US$35.89 million) in losses after disposing of some of its stake in flat panel maker Innolux Corp (群創光電). The sale of about 183.71 million Innolux shares, representing a more than 2 percent stake in the company, came after a rethink about how it wanted to reallocate its funds, Chi Mei said in a filing with the Taiwan Stock Exchange. The company disposed of the Innolux shares in four transactions between Aug. 10 and Wednesday last week and it rc...
Source: taipeitimes.com