China's Hisense says, it plans to build LCD module LED BLU Plant
Dec 12, 2007
China-based Hisense Group will invest 700 million Yuan (about US$94.70 million) to build five LCD module fabrication lines by 2009, according to a company filing with the Shanghai Stock Exchange.
Hisense will complete its first LCM line by he en dof this year and two lines by 2008 and the remaining two lines by 2009. The total capacity from the five lines will reach about 3 million units. In addition, the company also plans to construct a LED BLU line. The investment to build the LCM and LED BLU fabrication lines will be funded by Hisense's recent issue of about 100 million new shares. The film will raise its fund of approximately 1 billion Yuan through the new shares.