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.
Posted: Aug 02,2013 by Ron Mertens
It is just so hard to believe that any fund manager will be willing to finance this $7.5B new shares. BOE(SHE:200725) 's current total market cap is RMB27.12B.