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AU Optronics Corp. Message Board

  • bobrgr bobrgr Feb 19, 2013 10:24 AM Flag

    Astonishing: Up 10% on new issuance, Why?

    "In a filing with the Taiwan Stock Exchange, AUO said it plans to issue 640 million to 800 million new shares to expand its current ADR program" "It has been a pattern in the market that a stock will rise after it announces a fund-raising plan so that it can set a satisfactory issuance price," Grand Cathay Securities analyst Mars Hsu said.

    "It has been a pattern in the market that a stock will rise after it announces a fund-raising plan so that it can set a satisfactory issuance price," Grand Cathay Securities analyst Mars Hsu said.

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AUO
2.45-0.01(-0.41%)9:45 AMEST