What They Say
Visionox is planning to co-invest $1.5 billion on a new flexible AMOLED fab in Hefei. Visionox will have a 45.5% stake, as will State-owned Hefei Dongxin Investment while Hefei Xincheng State-owned Assets Management will take a 9.09% stake.
What We Think
Hmmm… I found this release apparently as a PR release (MT Newswires). While it was clear that the full investment would be $1.5 billion, the release said that the 45% partners would be investing $346 million each. Hmmm… perhaps there is a set of investment stages. (BR)
