Innolux raises $504 million from upsized GDR

The deal is triggered by obligations under a debt restructuring agreement between the Taiwan LCD panel manufacturer and its lending banks.

<div style="text-align: left;"> Worries about demand for smartphone displays has affected sentiment across the industry </div>

Anette Jönsson

January 18, 2013

Innolux, a Taiwanese TFT-LCD panel manufacturer, has raised NT$14.6 billion ($504 million) from the sale of global depositary receipts (GDRs) that will be used to pay down bank loans under a debt restructuring agreement.

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