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.