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This excerpt taken from the LPL 6-K filed Dec 17, 2007. LG.Philips LCD Co., Ltd. plans to acquire preferred shares of HannStar. LG.Philips LCD Co., Ltd. (LPL) plans to acquire 180 million preferred shares of HannStar, a Taiwanese TFT-LCD panel manufacturer, which amounts to NT$ 3,170,250,000 in total, to enhance the cooperative relationship of purchasing LCD panels from HannStar. The preferred shares are redeemable with the maturity of 3 years and can be converted to common shares of HannStar. LPL plans to acquire the preferred shares by February 2008.
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