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December 19, 2010, 8:19 PM EST
By Weiyi Lim
Dec. 20 (Bloomberg) -- AU Optronics Corp. rose in Taipei trading after Taiwan’s second-largest flat panel company won approval to build a $3 billion liquid-crystal display plant in China.
The stock gained 1 percent to NT$31.30 as of 9:01 a.m. The company plans to build a so-called 7.5-generation facility in the Chinese city of Kunshan at eastern Jiangsu province and will need to obtain China’s approval before it can set up the plant.
To contact the reporter on this story: Weiyi Lim in Taipei at wlim26@bloomberg.net
To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net
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Dec. 20 (Bloomberg) -- AU Optronics Corp. rose in Taipei trading after Taiwan’s second-largest flat panel company won approval to build a $3 billion liquid-crystal display plant in China.
The stock gained 1 percent to NT$31.30 as of 9:01 a.m. The company plans to build a so-called 7.5-generation facility in the Chinese city of Kunshan at eastern Jiangsu province and will need to obtain China’s approval before it can set up the plant.
To contact the reporter on this story: Weiyi Lim in Taipei at wlim26@bloomberg.net
To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net
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