China's BOE Display announced plans to raise 4.6 billion yuan (about $7.5 billion US) to build three new panel production lines two LCD lines and the AMOLED line in Ordos. BOE will issue new shares and hopes to attract local government owned companies as investors.
BOE plans to inaugurate the 5.5-Gen LTPS fab in Ordos by the end of 2013. This fab will first produce LTPS LCDs, but BOE wants to switch it to AMOLED production. Perhaps this new investment will go towards the AMOLED conversion. According to earlier reports, the fab cost is estimated at $3.44 billion.