AUO's LED business Kaiding and Ronda held a temporary shareholder meeting, and the two companies adopted March 15 as the base date for the merger. In the meeting, Kai Ding eliminated the company and passed the revocation of the public offering and the company's dissolution. Ronda passed the cash increase through private placement.
Kaiding and Ronda are all subsidiaries of AUO Group, among which Kaiding is an LED packaging factory and Longda is an upstream LED chip factory. The combined capital of the two companies is about NT$3 billion. The conversion ratio of the two parties is 1:1. However, Kaiding's net worth is higher than that of Ronda, which is also the elimination of the company.
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