Europe
Products   Gaming  
 
Worldwide sites
 
  Press Room   BenQ Online Store   Where To Buy   Service & Support  
Products
Corporate
Financials
Events
Archive
Press Center
Financials
 
BenQ Completes Sale of NT $4.54 Billion AU Optronics Shares  
11/04/2007

EUROPE, April 2, 2007 – BenQ Corp. (2352.TW) today announces that it has completed a sale of NT $4.54 billion in AU Optronics shares. The total gross proceeds will be used to increase cash flow and enhance BenQ’s financial strength.

 “This is one of the first steps we are taking to strengthen our current financial condition.” expressed David Wang, deputy spokesman of BenQ Corp. “The partner who has purchased BenQ’s holding of AU Optronics has expressed their strong support in the current management team of the AU Optronics and it is expected that this partner will support the future development of AU Optronics.

Today’s sale is part of a larger on-going financial strategy to enhance BenQ’s financial structure. The strategy, which started in Q4-2006, has included the sale of BenQ’s shares in Airoha, PBDS, Gallant Precision and the building and land of Jian Dong factory, which have yielded NT$2 billion in cash. BenQ has also issued exchangeable bonds worth NT$4.5 billion. Furthermore, BenQ announces that it is planning to realize its long term investment in shares of Taiwan Fixed Network Co. Ltd in April at an estimated amount of NT$870 million. Altogether these will generate an estimated NT$12 billion in cash.

 
Back
 
 
Search for News by Dates
Select a year to find more news.
 
Select Year
 
 
BenQ Europe on Facebook
 Stay in touch...
Keep up to date with all the latest BenQ news, reviews, products, competitions and movie info by following us on Facebook.
 
Joybee GP2 Microsite
 Share here, there and everywhere!
The all new Joybee GP2 is an ultra portable mini projector designed for on-the-go audiovisual entertainment.

See all about it on the Joybee GP2 Microsite!