AU Optronics (AUO) is organizing a subsidiary, Star River Energy, specifically as a platform to invest in PV systems and solar power-generating stations, according to AUO.
AUO plans to introduce financial investors in Star River, the company indicated. In line with setting up the subsidiary, AUO will sell its 26.37 million shares of Sungen Power, a PV system operator in Taiwan, to Star River at NT$14.1714 per share for a total of NT$373.7 million (US$12.3 million).
AUO recorded net profit of NT$4.253 billion and net EPS of NT$0.45 for 2013 and will distribute a cash dividend per share of NT$0.15.
Source:
http://www.digitimes.com/news/a20140325PD205.html
