Hannstar prices GDR

The Taiwanese TFT-LCD manufacturer offers investors a generous discount in order to maximise the amount of equity it puts on its balance sheet.

Jackie Horne

July 15, 2003

Joint bookrunners Credit Suisse First Boston and ING completed a $175 million GDR for Hannstar Display Corp shortly before Taiwan's open yesterday (Tuesday). The 23.778 million unit offering was priced at $7.36, representing a 20% discount to the stock's close on Monday. There are 20 shares per GDR.

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