29 Feb '12, 9am

Touch panel maker Mutto to debut on OTC securities market in March, says paper

Touch panel maker Mutto to debut on OTC securities market in March, says paper Commercial Times, February 29; Steve Shen, DIGITIMES [Wednesday 29 February 2012] Shares of touch panel maker Mutto Optronics are expected to debut on Taiwan's over-the-counter (OTC) securities market in March with an initial price of NT$24 (US$0.81) per share, according to a Chinese-language Commercial Times report. Mutto will release 6.876 million new shares through the IPO, which will enable the touch panel maker to raise NT$165 million, the paper said. Mutto has a production capacity of seven million small- to medium-size touch panels a month, including resistive and capacitive touch models, said the paper, adding that the company's resistive touch panels range mostly from 2.4- to 4.5-inch for handset applications.

Full article: http://www.digitimes.com/news/a20120229PB201.html

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