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LPL » Topics » 8. Major contracts

This excerpt taken from the LPL 6-K filed Nov 6, 2009.

8. Major contracts

 

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January 2009: We entered into a long-term supply agreement with Apple Inc. to supply LCD panels to Apple Inc. for 5 years. In connection with the Agreement, we received long-term advances from Apple Inc. in the amount of US$500,000,000 in January 2009 which will be offset as the consideration for products supplied to Apple Inc.

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