01.02.2001
Wintek to increase investment in China

Wintek (2384 ‘Sheng Hua’) has decided to invest US$20m additional capital in Dong Guan, China. The company intends the 1Q01 commitment to raise STN-LCD module assembling capacity, lower manufacturing costs and expand sales in China. Wintek stands to gain NT$200m amortized over five years from the sale of Organic Light Emitting Device (OLED) technology and equipment to its subsidiary Shen Yuan. We do not expect OLED business to contribute to revenue in 2001, but STN-LCD module remains very profitable. Our forecast for 01EPS is NT$3.2 compared to 2.67 this year.
Martha Chen