Financial Times FT.com

Taiwan exchange launches probe into Chi Mei

By Richard Hazeldine and Robin Kwong in Taipei

Published: November 16 2009 11:11 | Last updated: November 16 2009 11:11

Taiwan’s stock market regulator has launched a preliminary probe into apparent irregularities in the trading of Chi Mei Optoelectronics shares in the days before the announcement of its $5.3bn merger with local rival Innolux Display.

The deal, announced over the weekend, would create the world’s third-largest flat-panel screen maker behind South Korea’s Samsung Electronics and LG Electronics.

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