BOE Acquiring CEC Panda Fabs in Nanjing and Chengdu

Published September 28, 2020

BOE Technology Group, Ltd (BOE) announced this week the proposed acquisition of majority stakes in two of the four CEC Panda LCD fabs in China, the Gen 8.5 fab in Nanjing and the Gen 8.6 fab in Chengdu. While no specific transfer price was stated, a minimum price for each fab was described. While some uncertainty remains because the transactions will still need approval from BOE shareholders, this is the most complete description thus far for the sale of CEC Panda assets, and it looks likely to proceed.

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Written by

Bob O'Brien