Taiwan’s stock market regulator has launched a preliminary probe into apparent irregularities in trading of shares in Chi Mei Optoelectronics before the announcement of its $5.3bn merger with local rival Innolux Display. The deal, announced at the weekend, would create the world’s third-largest flat panel maker after South Korea’s Samsung Electronics and LG Electronics. News of the probe emerged after trading in Chi Mei shares hit four to five times their normal volume in the two days before the merger announcement.

This entry was posted by Gwen Robinson on Tuesday, November 17th, 2009 at 4:38 and is filed under Capital markets, M&A. Tagged with Chi Mei Optoelectronics, Innolux Display. Edit this entry.