Taiwan's Ministry of Economic Affairs (MOEA) on August 29 approved the investment by China-based LED epitaxial wafer and chip maker Sanan Optoelectronics in Taiwan-based fellow maker Formosa Epitaxy with some conditions attached, according to MOEA.
The conditions are that Sanan should not ask Formosa Epitaxy to transfer patents and technologies and give operating rights, as well as recruit experts from Formosa Epitaxy, MOEA indicated.
Sanan will subscribe to 120 million new shares to be issued by Formosa Epitaxy for private placement at NT$19.60 (US$0.66) per share to acquire a 19.9 stake.
Source:
http://www.digitimes.com/news/a20130830VL200.html
