CPT to Sell Its Stake in Giantplus

Chunghwa Picture Tubes (CPT) is selling its 236.982 million shares (a 53.68% stake) in LCD panel and module maker Giantplus Technology. Of these, 152.982 million are going to Japanese display maker Ortus Technology. The remaining 84 million will be sold over the next four months on the Taiwan Stock Exchange. Ortus is paying NTD2.535 billion for its 34.65% stake in Giantplus, which is already an Ortus supplier.