subject: E-paper Display Manufacturers Buy U.s. Dollars So E-ink (photo) - Pvi, E-ink-paper Industry [print this page] Electronic Paper PVI monitor suppliers (8069) announced a 215 million U.S. dollars (equivalent to NT 7.0 billion) takeover of U.S. Electronic Paper materials plant EInk, get all the options and key technology patents. PVI chairman Liusi Cheng said, EInk is PVI's upstream suppliers, downstream integration can further improve the technology to master degrees, and reduce costs, shorten product development time.
Since last year, PVI Hydis recognized cause loss, but with the turnaround in the third quarter of Hydis, in the third quarter of PVI is also expected to profit, while EInk the first quarter of this year the industry has swung , the M & A operations for the yuan will have a positive benefit too.
Bullish long-term development of electronic paper industry, PVI announced 215 million acquisition price of gold, made all the shares of the United States EInk and electronic paper display materials, key technologies and patents. Liusi Cheng pointed out that, EInk longer than the basic technology and key material, PVI is longer than the manufacturing and product commercialization, through the merger of the two sides can reduce time to market.
Addition, EInk is PVI's upstream suppliers, downstream integration to reduce costs, product development time can be shortened by about one-third, and save logistics, management and marketing costs. Future EInk will supply to other manufacturers of electronic paper, PVI will continue to promote material cut prices to expand the market of electronic paper.
Liusi Cheng pointed out that after signing the contract will begin to discuss the details of the deal, expected to be completed by the end of October in the merger operation. The whole deal about 7.0 billion. PVI will cope in the capital markets financing, plans capital increase of about 2.8 billion in cash and the issuance of convertible bonds of about 2.55 billion yuan, less than other parts of the proposed private placement through or depositary receipts for financing, the total funding amount of about 8.0 billion.
Liusi Cheng said that the PVI specializing in e-paper back, the mainland subsidiary of Chuan Qi main attack e-paper modules, Hydis season joined the ranks of e-paper production. Currently PVI nearly full capacity, expected in the third quarter of Hydis electronic paper production capacity of more than PVI.
EInk is the founder of electronic-paper technology, patents, layout complete and rigorous, and in electronic paper material market share of nearly 100%, while PVI is the only volume manufacturer of electronic paper, with the further distribution of the upstream material technology , together with the TFT Hydis adding production capacity, the future of electronic paper supply chain Lantern too will have an exclusive advantage.
PVI has been showing profits in this industry, but recognized Hydis so in the first quarter loss, Hydis mass production from April onwards electronic paper, with the capacity utilization move up to 70% or more, Hydis the fastest turnaround in the third quarter is expected, are also expected to drive the overall performance of the PVI turnaround.
Liusi Cheng pointed out that, EInk first quarter revenues of approximately 1,800 million dollars, representing growth of 157% over the same period last year, but also successfully turned around this year is expected to profit, the operation of the yuan is too useful to have a positive .
