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  2008-11-13
  CPT Reaches an Agreement with U.S. Department of Justice

 

 


銝剛舀蝞∟∩遢砍

CHUNGHWA PICTURE TUBES, LTD.

 

Issued by: IR Dept.

Issued on: 2008/11/13

 

CPT Reaches an Agreement with U.S. Department of Justice

Chunghwa Picture Tubes, Ltd. ( following abbreviated asCPT) today (2008/11/13) announced that it has entered into a plea agreement with U.S. Department of Justice (following abbreviated asDOJ) to resolve allegations regarding anticompetitive activities among several TFT-LCD panel manufacturers with respect to the price of TFT-LCD panels from September 2001 to December 2006.

Under the terms of the plea agreement, CPT has agreed to pay a fine of $65 million (USD), and to cooperate with the DOJs ongoing investigation. CPT also likes to highlight that this fine has been recognized on accounts, and therefore this fine will not cause material impact to the Companys finance and sales.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

News Contact

Spokesman  CFO   James Wu      03-3675151 # 3986

Investor Relation    Jason Huang    03-3675151 #3997   

 
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