BenQ Sells AU Optronics Shares

BenQ Corp (2352.TW) announced that its board of directors (BOD) has decided to sell 100 million shares of AU Optronics Corp (2409.TW) through a block deal. BenQ currently owns 638.03 million shares in AUO (NYSE: AUO), representing an 8.42% stake. The 100 million shares represent about 15% of BenQ’s AUO shares. Proceeds from the share sale will be used to adjust the company’s financial structure. In today’s trade, BenQ closed up NT$0.85 at 13.30. AUO fell 0.80 to 47.60 or down US$0.41 to US$14.30, based on US$1 = NT$33.10. AUO’s stock seems to be about flat YTD. Source: Forbes

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