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Acer releases 35 million Benq shares in GDRs.

Taiwan Economic News

| January 29, 2002 | COPYRIGHT 2001 China Economic News Services. (Hide copyright information)Copyright

Taipei, Jan. 29, 2002 (CENS)--Acer Inc. said it garnered around NT$1.2 billion in profit through the sale of global depositary receipts (GDR) of its affiliate, Benq Corp., yesterday. Acer sold 35 million common shares in Benq, formerly Acer Communications and Multimedia, in the form of seven million units of GDRs at NT$57.60 per share. Acer said the recent gains in the local stock market and strong demand by investors for an earlier Benq GDR issue offered 10 days ago …

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