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BenQ to Raise NT$10 B. to Pay Back Debt.
(From Taiwan Economic News)
Taipei, Oct. 25, 2006 (CENS)--BenQ Corporation plans to raise NT$10 billion from liquidating its assets within one year, in order to cut its high debt ratio reaching 39.9% now, according to Eric Ky Yu, the firm's vice president for finance
The fund will come mainly from sales of its long-term investments and fixed assets, topping NT$60 billion and NT$15 billion in value, respectively, now. The former include investments in AU Optronics, Darfon Electronics Corp., and Dah Sing International, all three being BenQ's strategic partners, as well as Airoha Technology, Gallant Precision Machining, Lite-On IT Corporation, and Advanced …
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