The chairman of the global leader in electronic paper technology, Liu Sicheng, announced on Wednesday that he will pay no more than 1.5 billion yuan in cash to buy all the shares of AU Group's SiPix. He expects to complete the delivery of shares in the fourth quarter after obtaining relevant government permits.

      At that time, PVI will become a subsidiary of PVI, and PVI will have access to SiPix's technology, patents, talents and resources. Au Optronics on behalf of two investment subsidiaries yesterday, announced to dispose of the long-term equity investment of Da Yi Technology with 538 million yuan, estimated disposal of interests of 300 million yuan.

      According to corporate analysis, PVI took advantage of the economic downturn in the panel industry and bought from AU Group, which had been losing money for a long time, at a relatively cheap price. Pvi gained control of the e-paper market, where PVI is good at electronic labels and smart cards, which will help PVI diversify the risk of over-concentration of its products. At present, PVI's products are mainly electronic readers, and in the industry market share of 90%.

      He Yida, vice chairman of PVI, pointed out that PVI has been leading in the application of e-book readers, while PVI has developed applications such as electronic labels, smart cards and special displays for 3C products. The combination of the two technologies is expected to play a complementary role. The integration benefits of the acquisition of SiPix, to be taken over a longer period of time, the initial benefits can be played out in 2013. The board of directors approved the acquisition yesterday.