Taipei Times
Date: Aug 25, 2016
By: Lauly Li / Staff reporter

AU Optronics Corp (友達) chairman and chief executive officer Paul Peng (彭雙浪) yesterday called on the government to ease funding restrictions and propose measures to keep talent in Taiwan to assist with the development of the domestic panel industry.

“The development of the flat-panel industry requires large investment in new technologies, such as flexible displays, but it is very hard for panelmakers to raise funds in Taiwan’s capital markets,” Peng told reporters on the sidelines of the opening ceremony of the International Smart Display and Touch Panel Exhibition at the Nangang Exhibition Hall in Taipei.

Peng said that there are restrictions for issuing bonds and applying for bank loans worth more than 15 percent of a company’s net worth.

Taiwanese companies have to earn profits while paying their debts and often have to take new loans to repay existing debts, leaving them with limited funds to invest in new technologies, Peng said.     [FULL  STORY]